Tag: car loan
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Auto Loan Fraud Cases are on the Rise – Here’s what to Look For
Read more: Auto Loan Fraud Cases are on the Rise – Here’s what to Look ForAuto dealers have many responsibilities day to day, from managing the finances of the business to ensuring customers are satisfied with the service they receive. However, one of the issues facing auto dealers in today’s competitive market is the reality of auto loan fraud. In recent news, the auto loan fraud rates reported rose to the level of mortgage fraud rates at the time the housing bubble was about to burst. These figures give industry leaders and lenders in the auto dealer world pause, even though auto loan frauds pale in comparison in terms of total amounts owed. Regardless of…