The Bouncing Check Scam
This is a scam that often happens to those customers who were able to get the money for the purchase of the vehicle and will not ask the dealer for financing. In cases like this the dealer will inform the customer that the check bounced and will offer financing.
Generally the dealer will use different dealer tricks to convince the customer that their deal is great and they are ready to sell the car immediately. But do not be cheated by these sweet talks. When you get financing from a credit institution you have surely check if they are respectable union and if their checks are accepted.
If you agree to the terms of the dealer you will probably be offered a loan at higher annual interest rate and become a victim of dealer fraud. Whatâs even worse is that some dealers will call you later to inform that you do not actually qualify for the credit and will try to increase the rates even more.
The Bouncing Check Scam
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