> I’m just looking for guidance

Its not a thing. The person on twitter put down a deposit to hold the car, then found 100% LTV financing at a bank.

Since the car was 100% financed, she gets her deposit back.

This means there was never a downpayment

Is Acme in the same industry as you or do you offer some kind of complimentary product/service, technology, geography, etc.

Equity roll-ups aren't particularly novel. Part of the rationale is cost savings from efficiencies. Whether you're going to be one of those efficiencies depends on your role/skills/etc.

Ok so I got absolutely robbed I’m currently trying to get a copy of the original finance contract from the dealership how can I start the process off getting it back

It only goes toward principal if you call and confirm the process for applying payments to principal with your mortgage servicer.

Simply making an extra payment is not a guarantee of paying down principal. Loan verbiage and loan servicer practices vary greatly across the country.

The down payment doesn't get credited to your loan because it was never part of the loan. You only borrow the part you don't pay up front for.

For example let's say a car costs $10,000 and you put $2,000 down.

Your loan will be for $8,000. The down payment goes directly to the purchase price it's never part of the financing.

Not right now, I'm not employed and whatever money I can get on my hands is usually spent on attorney and application fees for immigration. I'd be able to pay it once I get my work visa but right now I have zero income.

> My FICO scores range from 725-780 across the three bureaus and I was wanting to bump that even higher

Congratulations, you already have excellent credit in the eyes of lenders. There's no point in trying to go higher. Don't micromanage your credit score.

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Congratulations on the new job!

Try to minimize lifestyle creep. You've been living comfortably at $65k, so make sure you barely even see the extra income. I would proactively increase your pre-tax retirement contributions through work, and also increase the percentage of your income that goes straight to savings rather than checkings. Keep the amount you're living on the same or almost the same.

Other people have linked or referenced the PF 'prime directive.' It's basically a flowchart that tells you the ideal way to do exactly what you're asking. Follow that.

Always have a backup plan whether there is a merger or not.

Down payments don't get credited to a loan.

The loan amount is the price of the car MINUS your down payment.

Example:

Car Price : 20,000

Down Payment: 5,000

Your loan amount should be 15,000

Your down payment does not get credited against the loan. The loan is the amount of the purchase price after deducting the down payment. The dealership gets the down payment from you and the loan proceeds from the lender.

Yeah, its not different than making an additional principal payment

The bank does have to return the money.

The scammer is not the one returning the money though, the bank is. The scammer has already deposited the check in a stolen or fraudulent bank account (and/or at a check cashing location like many Walmarts), withdrawn the cash, and vanished into the ether.

This isn’t new, it’s as old as banks.

I'm in Tennessee so statue of limitations are 6 years, about 2 more years as far as I'm able to decipher from the credit report. But I'm not sure if October 2018 really represent the last payment date, I remember I stopped paying earlier but have no proof.

If they didn’t credit you for the money you gave them then they stole from you.

But, I would double check … because $4k will barely cover the taxes and fees these days. Is it possible the $4k was applied but none of it actually went towards the base cost of the car itself?

So what's the make and model?

That's all in the past, learn from it for the future.

In addition to what has been posted. The easiest or at least most logical way to build wealth is to reduce expenses so you have more to invest.

>Receiving this information out of the blue has caused my heart to skip a beat and left me nervous. I feel a sudden loss of security. Are my fears founded? Should I calm down and wait to see how things progress? Is it time to polish my resume?

I've been through many acquisitions and mergers. Sometimes things change immediately. Sometimes things stayed the same while my company was "integrated". Eventually, I left all of them.

Think of it this way - would you have applied to work at Acme Co. if they hadn't merged with your employer?

Polish up the resume. Tune up the professional network.

Wait to see how things proceed, but be ready to go when necessary. It might work out, but it probably won't.

>They are the negligent ones for not properly verifying that the check was written to the person cashing it.

After washing, the check is written to the person cashing it.

Yeah no that's a bunch of bullshit. A downpayment reduces the amount you have to take out in a loan.

Dont put all your eggs in one basket. Not to mention if you ever need a loan youll have more options as youll have history with multiple lenders.

Not really, it was pretty much across the board. Every test was more expensive than the first lab. And this was all standard tests, nothing special.

They sent us a letter a few months back stating changes with rent, but I can’t seem to find it.

I will reach out to them and ask.