CategoryFinance Insurance

‘Artificial paydown' fraud from customers can leave car dealers, auto lenders with losses

A phony vehicle loan payoff transaction can create the illusion of a finance balance lower than what's actually owed on a vehicle. (dem10\/iStock \/ Getty Images Plus via Getty Images) MUST CREDIT
A phony vehicle loan payoff transaction can create the illusion of a finance balance lower than what's actually owed on a vehicle. (GETTY IMAGES)
Author
JH
By:
John Huetter
March 07, 2024 04:29 PM

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