Issue #1 illegal finance tactic, fraud?
Recently they have increasing their consumers income. They have been raising their income so their debt isnt more than what banks allow for the customer to buy the car! This is highly illegal! They have been having the customer sign a blank credit application. The finance managers are a huge part of this activity.
So if a customers income is only $2200. A month but they score well and their debt is more than whatever the percent can not be over. They will raise the income to get it to balance. Then if the bank asks for proof of income they will try to get this waived holy, , , , , , , illegal.
The have been using a long time illegal form to help customer buy a car. This this form isn't helping anyone.
Straw deals- they have a customer for whatver reason whethr it be bad credit, lack of credit, score, income, whatever it is. They can not buy a car, so they press for a co signer which is ok, but when they find out that the only way they can make this deal is to kick off the original buyer,
(The one that came in wanting to buy the car)
They kick off the original buyer and sell the car to someone that is not making the payments nor do they live at the same address and most of the time have no relation to one another. This a pattern imagine if they are increasing the income and pulling a straw deal.
Wow...Double whammy here- common practice for this dealership
Eventually they are going to get caught and audited by the ftc, fbi and the ohio states attorney general. We wonder why our economy is so bad?