The first thing you should do if you believe that you have been a victim of an auto financing scam is to report the car dealership to your state’s attorney general office. Another thing you may want to do is contacting the Better Business Bureau to report the dishonesty of the dealership. It would be a good idea to get better financing with a lower interest rate as soon as possible. Going from 17% to 8% could mean saving yourself hundreds of dollar per month, and thousands of dollars over the entire term of the loan.
Remember, that there are lots of consumer fraud schemes out there and one of them is the bad credit car financing scheme. Each consumer should educate himself/herself to recognize what is and is not legitimate. Be informed and you can minimize becoming a victim to this form of fraud.
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