Chevrolet Preview: Gateway
"When the NASCAR Craftsman truck series goes to Gateway this weekend it will really remind everyone what racing these tough trucks is all about. This is one of the places that has helped put the truck series on the map. Traveling with NASCAR and its other two series is great but it will be nice to be the main event for a change.
Critical Vendor: Out of Fashion?
Tonja Treadway sought financing to buy a used automobile from Gateway Chevrolet Oldsmobile. Gateway had solicited Treadway with a direct mailing indicating she was pre-approved for financing to purchase a car. Treadway called the dealership and gave them her social security number so they could pull her credit report. After reviewing her credit report, Gateway decided that it would be futile to send her application to any lender. Instead of notifying her of this decision, however, Gateway indicated that it could get her financing if she had a co-signer. Treadway was able to produce her godmother, Pearlie Smith, as a co-signer, but it ultimately turned out that Gateway never obtained financing for Treadway, and instead arranged for her godmother to purchase the car directly. Treadway alleged that her godmother signed the papers without reading them, and claimed that neither she nor Smith knew the car was titled in Smiths name. First, Gateway admitted that it regularly decided not to send an applicants credit application to any lender. By making this decision, Gateway not only participated in the decision of whether to extend credit- it made the decision itself. Second, Gateway frequently participated in the credit decision by restructuring the terms of the sale to meet the concerns of the creditor. For instance, to get a lender to change its mind and extend credit, Gateway might: (a) insist on more money down; (b) request that the applicant find a co-signer; or (c) lower the price of the car in order to lower the loan-to-value ratio. Gateway argued that it did not have to provide an adverse action notice under the ECOA because it did not provide financing for the cars sold or leased. Instead, Gateway argued, it merely attempted to arrange for financing for customers through banks or finance companies.
No. 1-04-0633, General Motors Acceptance Corp. v. Johnson
This cause of action arises from an order of the circuit court granting third-party defendant's, Gateway Chevrolet, Inc. (Gateway), motion to stay litigation pending arbitration based on an arbitration agreement signed by Gateway and third-party plaintiff, Pauline Johnson (Pauline). On October 17, 2001, Pauline and her husband, Robert Johnson, purchased a 2002 Chevrolet Cavalier from Gateway. According to an affidavit signed by Pauline, a Gateway employee went to her home with her husband and persuaded her to sign a retail installment contract for the purchase of the vehicle. The day after purchasing the vehicle, Robert attempted to return it to Gateway, but Gateway employees refused to take the vehicle back. Pauline asserted that she also attempted to return the vehicle two days after signing the contract, but was told she could not do so. The Johnsons thereafter defaulted on their finance payments and the vehicle was repossessed. The assignee of the contract, plaintiff, General Motors Acceptance Corporation, filed a complaint against the Johnsons seeking damages for breach of contract. Pauline then obtained leave from the court to file a third-party complaint against Gateway. The third-party complaint alleged that Gateway failed to give Pauline notice of her right of rescission and refused to cancel the contract and accept return of the vehicle all in violation of section 2B of the Consumer Fraud Act.
Parker v. Barnone
Soon after, however, Parker had second thoughts, and wondered if something might be wrong with the deal she had entered into with Gateway and NDC. She consulted the manager of the bank where she had her checking account, who told her that she had been asked to write a bad check to a check guaranty company, and that this could ruin her credit rather than restore it. Even if this Court held that Bar None is not a "credit repair organization" under section 1679a(3)(A), Parker can nevertheless state a claim against Bar None and Gateway under section 1679b of the CROA.
Sitnews -Stories in the News - Ketchikan, Alaska - News, Features ...
The winner of the 2002 People's Choice award was a 1967 Ford Mustang owned by Norman Jackson and the winner of the 2002 Participants' Choice award was a 1972 Chevrolet Chevelle 454 owned by Rod Tyler Bray.
NASCAR Craftsman Truck Series News and Notes
Musgrave closes on money mark ... Ted Musgrave (No. 1 Mopar Dodge) can become just the sixth competitor in series history to win $3 million with a victory in this week's race. Musgrave enters the Gateway event with $2,959,431 and needs $40,569 to join a select group that includes Hornaday, Sprague, Dennis Setzer (No. 46 Chevrolet Silverado Chevrolet), Joe Ruttman and Rick Crawford (No. 14 Circle Bar Truck Corral Ford). Musgrave won the Dodge Ram Tough 200 in 2001. Sprague is the most dominant winner at Gateway leading 145 of 160 laps in 2000. A year ago, David Starr (No. 75 Spears Manufacturing Chevrolet) headed only the last lap en route to his second NASCAR Craftsman Truck victory.
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