What do you do if someone steals your identity? No one wants to consider this as a possibility, but if it does happen, you will need to act as quickly as possible. Identity theft may cost you time and money, and it can wreak serious havoc with your credit rating.
For the past two decades at Auto Credit Express, consumers have entrusted us with their personally identifiable information. We have never taken this trust lightly and, during that time, we’ve maintained top marks with the Better Business Bureau as well as Google +.
How the latest online security vulnerability could even affect consumers with less than perfect credit
we still believe consumers with bad credit should be aware of what can happen if they are contemplating going the private seller route for their next vehicle once they have reestablished their credit.
Borrowers with damaged credit who have been rejected for a regular car loan can be the targets of online scammers that have been known to create fake websites or programs that appear reputable.
Here at Auto Credit Express we know that if they’re not careful, anyone can be taken in by an online scam. But it’s especially important that consumers with poor credit – many of whom don’t have the money to lose –be aware of a twist on the auto loan down payment scam.
The report released by Experian back in 2009 analyzed the rate of identity fraud across various credit score ranges. It also establishes a clear correlation between excellent credit scores (for both individuals and businesses) and “the propensity for identity fraud victimization.”