Automobile Financing
Date: Sun, 11/05/2006 - 18:58
Can someone help me with terminology please...I have heard or read news stories about finance companies and auto dealerships that somehow inflate someones incomes to get them approved for an auto loan. I know this is illegal but if someone knows more about this practice can you let me know what the terminology for it is or how it works, thanks
Ashley, I am not sure what the actual terminology is for this ac
Ashley, I am not sure what the actual terminology is for this activity but I will say, don't fall into this catch. There can be a lot of problem if one is caught showing fake documents and try to get approved for the loan. The auto loan company won't come under much scrutiny because your personal info will be on the papers and your vehicle will be at risk. All I will say, be careful if someone shows your higher income on the papers for approving the loan.
