Car dealerships often advertise “guaranteed credit approvals” and “same day financing”. In the cases where it sounds like it is too good to be true, it usually is.
These unbelievable deals sometimes result in deceptive sales practices, leaving you in a worse position than you were in before you visited their lot.
There are a few different kinds of auto finance fraud cases. If you have experienced any of the below, you may have a case:
Yo-yo scams, discount fees and add-on scams are illegal under state financing laws. Victims of auto fraud financing may be able to recover the illegal fees and other damages. In some cases, settlements for our clients have exceeded $100,000.
Our clients do not pay out of pocket for fees and pay nothing unless we recover on their behalf. Clients can contact our office after completing the checklist below.
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This information is used for us to gauge where you are in the process so we can better help you through the process.
In this important educational series, Michigan consumer law attorney Ian Lyngklip of Lyngklip & Associates discusses important considerations regarding Automobile Finance Fraud.
What information is in credit denial letters and how can it help you improve your credit score and credit repair? This video will help you learn how to read credit denial letters and use them to get free copies of your credit reports.
You can find more consumer credit information and tips on the Consumer Insider channel. There, Ian breaks down the ways that car dealers, credit bureaus, and debt collectors cheat consumers and violation the law.