Got a small loan through my bank and...

Discussion in 'Community Discussion' started by waloshin, Jan 14, 2010.

  1. waloshin macrumors 68040

    waloshin

    Joined:
    Oct 9, 2008
    #1
    What happened is they had me sign the papers that had December 2010 on them and not December 2009, they want me to come back and initial them saying that the date was wrong. So what would happen if I never verify the date was wrong?
     
  2. miles01110 macrumors Core

    miles01110

    Joined:
    Jul 24, 2006
    Location:
    The Ivory Tower (I'm not coming down)
  3. waloshin thread starter macrumors 68040

    waloshin

    Joined:
    Oct 9, 2008
    #3
    Funny thing is I already did and used it.
     
  4. Rodimus Prime macrumors G4

    Rodimus Prime

    Joined:
    Oct 9, 2006
    #4
    Then what happens is they will kill your loan contract and demand the money back instantly because it is dated 2010 so the loan never happen and it becomes a mistake by the bank and they are allowed to recover their money.

    You would be screwed.

    I would just go in and take care of it. My guess is the bank is not in a huge rush to do it but does want it taken care of soon.
     
  5. rdowns macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #5
    You're not getting over on a bank. But go ahead and try. Post results here.
     
  6. Maceutiful macrumors newbie

    Joined:
    Jan 4, 2010
    #6
    Don't go, they're mistake, they can pay for it. (no pun intended)
     
  7. Jason Beck macrumors 68000

    Jason Beck

    Joined:
    Oct 19, 2009
    Location:
    Cedar City, Utah
    #7
    lawls.
     
  8. ucfgrad93 macrumors P6

    ucfgrad93

    Joined:
    Aug 17, 2007
    Location:
    Colorado
    #8
    I hate to say this, but it sounds like you are hoping that it invalidates your responsibility to repay the loan. It is a simple clerical error. Go in and take care of the matter. My mortgage had a document that I had to sign that said I would go in and fix any minor clerical errors like the one you described. Yours may as well.
     
  9. miles01110 macrumors Core

    miles01110

    Joined:
    Jul 24, 2006
    Location:
    The Ivory Tower (I'm not coming down)
    #9
    Well then if you don't go fix the paperwork you should think very hard about how you can "unuse" it rather quickly.
     
  10. rk1228 macrumors member

    Joined:
    Aug 29, 2008
    Location:
    Louisville
    #10
    From a banker's perspective, the answer to your question of "what happens if you never verify the date was wrong?"

    Nothing happens.

    It doesn't change the fact that you made the loan. It doesn't change the fact that you owe the money.

    The only thing that may happen would be IF you ever are in default. Then the bank will show that they notified you of the error and sue you for non payment.

    If you don't do as they asked, it could cause you trouble if you want a loan from them in the future.
     
  11. dankybear macrumors regular

    Joined:
    Jul 6, 2009
    #11
    i don't think you'll just get to keep the money...
     
  12. dukebound85 macrumors P6

    dukebound85

    Joined:
    Jul 17, 2005
    Location:
    5045 feet above sea level
    #12
    lol you know that isn't what happens right?

    mistakes do not mean free money
     
  13. 184550 Guest

    Joined:
    May 8, 2008
    #13
    Then perhaps the bank would wait until December 2010. However, they will still collect in the end regardless.
     
  14. GoCubsGo macrumors Nehalem

    GoCubsGo

    Joined:
    Feb 19, 2005
    #14
    There is likely a POA to resolve typographical errors on your behalf should they find one.
     

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