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Dodgy Car Finance can bite back.

Thinking of going down the route of car finance? If yes, then you should consider the legality of the finance situation. The Finance and Leasing Association (FLA) has released reports that show nearly 2,500 fraudulent motor finance applications in the first three months of this year.

Thinking of going down the route of car finance? If yes, then you should consider the legality of the finance situation. The Finance and Leasing Association (FLA) has released reports that show nearly 2,500 fraudulent motor finance applications in the first three months of this year. These cases range from selling your car with outstanding finance, to inputting false information in a finance application.

While they may seem minor, in reality, each is a serious crime. The FLA showed that in the 12 months to March, there were nearly 10,000 failed fraudulent applications to motor finance sellers.

It is imperative that you sell or buy your car in the right and legal way. If not, finance can become a dodgy business and leave you in serious bother. We suggest sticking to the experts.

Paul Harrison, Head of Motor Finance at the FLA states:

“In just the first three months of this year there were almost 2,500 fraudulent loan applications to motor finance providers. Finance companies continue to work closely with police to combat finance crime, but it is vital that consumers are made aware of how fraud could affect them.”

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