crusher
3/10/2007 12:23:41 AM
quote:
ORIGINAL: Christian1
You know what kinda raised some eyebrows about Mitsu's financial situation??? They sold MMNA Finanacing to a compny called CenterOne Financial Services. I know thsi because I got the 5.9% for 72mo deal though Mitsu Fianancing and got a letter a week later saying they were just bought over by CenterOne. Is that a sign???
They didn't sell MMNA. They just sold your loan. Companies do it all the time with loans, mortgages, etc. It's not a big deal at all. In fact, there are lots of companies that claim to be mortgage companies and banks that do nothing but close the loan and sell it off.
Mitsu did the same thing with my loan. They probably just have a deal with Center One to reduce the risk of their lower rate financing. Really, though, I don't care who I pay, as long as the loan terms don't change.
maharajah
3/10/2007 1:26:02 PM
Same here, loan got sold. I think crusher is right, looks like all the low finance rate loans got sold to CenterOne.
soundcolor
3/10/2007 6:49:26 PM
Ya know, thats how mitsu got into trouble financially to begin with, they started doing all their own financing, not realizing just how much money that takes, and if somone decides not to pay... are you kidin me,
that was a dumb move on their behalf, cant blame them for doing what they have to do to get back right again
