Wednesday, March 14, 2012

Car dealer loan scams

  • Beware of car dealer ads that promise to pay off the loan on your trade-in.
  • (Washington Times)
  • Just think about it; millions of hard-working people were taken to the cleaners in an $8 trillion mortgage-laundering scam, and yet they are backed by car loans to consumers and dealers.
  • (Counter Punch)
  • Then I got a letter from a lender saying my loan application had been denied Your information may have been used to perpetrate a scam, but the ultimate victim is -- swallow your coffee -- the car dealership.
  • (Cleveland Plain Dealer)
  • AG TO AGAIN PRESSURE FANNIE MAE, FREDDIE MAC ON HOME LOANS Fannie Mae and Freddie Mac should provide which also fielded complaints about clothing, and new car dealers and collection agencies.
  • (Abington Mariner)

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