Hi, there.
I have acquired a car under finance from a dealer here in Queensland. During the process of gaining car finance, I was asked the usual questions of income vs expenditure to determine if I was eligible. I answered all questions truthfully and in the presence of a witness (my partner) and was told I would be given an answer the next day.
I was told I was approved and had the paperwork brought to my workplace to sign as it was the last day of the month and they were in a hurry to get it done. I signed the paperwork without reading it presuming he had used the details I gave him.
It wasn't until later that night when I had arrived home from work that I sat down and read the paperwork that I realised he had changed two pieces of information that would alter my eligibility for finance.
I have an existing bank loan which costs me $560 a month to maintain and on the paperwork this said $400. I also have one dependent child which I told him about but on the paperwork it said zero. I have since had to declare bankrupt and I am sure I would not have been eligible for finance had the information I supplied been written down accurately.
I am wondering if there is a law in Australia that protects consumers against signing paperwork presuming information supplied is relayed correctly.
I have acquired a car under finance from a dealer here in Queensland. During the process of gaining car finance, I was asked the usual questions of income vs expenditure to determine if I was eligible. I answered all questions truthfully and in the presence of a witness (my partner) and was told I would be given an answer the next day.
I was told I was approved and had the paperwork brought to my workplace to sign as it was the last day of the month and they were in a hurry to get it done. I signed the paperwork without reading it presuming he had used the details I gave him.
It wasn't until later that night when I had arrived home from work that I sat down and read the paperwork that I realised he had changed two pieces of information that would alter my eligibility for finance.
I have an existing bank loan which costs me $560 a month to maintain and on the paperwork this said $400. I also have one dependent child which I told him about but on the paperwork it said zero. I have since had to declare bankrupt and I am sure I would not have been eligible for finance had the information I supplied been written down accurately.
I am wondering if there is a law in Australia that protects consumers against signing paperwork presuming information supplied is relayed correctly.
