Auto fraud climbs despite decline in loan applications | Auto Finance News | Auto Finance News

Auto fraud climbs despite decline in loan applications

© Can Stock Photo / hjalmeida

Fraudulent auto loan applications have shot up $2 million per month since the beginning of the coronavirus pandemic, despite an overall decline in applications, according to PointPredictive.  “People are more desperate now than they’ve been in a long time,” said Frank McKenna, chief strategist at the risk management company. “They’re out of a job, dealerships […]

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