Credit union auto loan approved, rec'd check purchased auto & then they declined loan
Son applied for auto loan through credit union, credit union approved the loan, sent the check for the loan. Purchased the auto and signed all the paperwork. Three days after taking possession of auto, the credit union phoned and said they can not honor the loan. Tried to contact them for a reason and no explanation give. We have approval number for the loan. We contacted the dealership and they have not heard anything in regards to the check being rejected. We do not know what to do, should we drive the car, return the car. What about the funds we paid out of pocket for the car. We have the pink slip, the temporary tags, we purchased insurance for the auto. No one is giving us answers and I have never heard of a situation like this.