Should we correct details on finance application?

aaz01

Put an application through a main dealer for car finance, and got back paperwork to sign.

The paperwork has the wrong "time with current employer" on it. Car dealer says no need to update is as we've been accepted so everything is fine. Plus to correct it they'd need to do a new application with a new search on my credit rating.

What would you do? Should we correct it? Seems really unfair that I need to get another search on my credit rating when it was the dealer that wrote the wrong details!

Herzlos

How wrong is it?

lee111s

I wouldn't bother.

Tiddlywinks

Just manually amend the detail and sign by the changes - then sign the contract.

This way you will have signed a corrected contract so there can be no allegations of you lying if there are any future issues.

You shouldn't sign a (legally binding) contract if you know it to be factually incorrect at the time of signing.

Nearlyold

If its longer than you have actually been with your current employer I would suspect the dealership have made a "mistake";)

SeanG79

Car Finance Providers, usually want 2/3 years employment history. The dealer will have taken a "short cut" instead of supplying previous employment details and will plead ignorance if confronted.

The flip side is if you have only been at your employer for less than 6 months, you can still be on probation and it is deemed a higher risk. (even though you can be dismissed without reason for the first 2 years).