ConsumerFight.com
The Best Consumer Help Website in the World
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| Copyright ConsumerFight.com 2007, 2008 All rights Reserved. |
CAR DEALERS RUNNING UNAUTHORIZED CREDIT CHECKS
May 16, 2008 - Handing over your driver's licence before taking a car out for a test drive may
lower your bargaining power, a CBC News investigation has learned.
While some salespeople copy licences for security purposes, others use them to run credit
checks on consumers, said consumer fraud consultant Duane Overholt.
"Absolutely, in the American market, Canadian market, people are having their credit pulled
without their knowledge," said Overholt, who is based in Maryland.
Once salespeople confirm consumers' credit records, they can adjust pricing and financing in
a bid to boost profits.
Under privacy legislation, dealers are required to ask permission before checking credit. But
two credit agencies, Transunion and Equifax, told CBC News that they don't usually ask for
verification. The agencies said when dealers call for credit checks, they assume the consumer
has granted permission for the check to be completed.
Click on the red link above to continue the story.
Source: CBC News
May 16, 2008 - Handing over your driver's licence before taking a car out for a test drive may
lower your bargaining power, a CBC News investigation has learned.
While some salespeople copy licences for security purposes, others use them to run credit
checks on consumers, said consumer fraud consultant Duane Overholt.
"Absolutely, in the American market, Canadian market, people are having their credit pulled
without their knowledge," said Overholt, who is based in Maryland.
Once salespeople confirm consumers' credit records, they can adjust pricing and financing in
a bid to boost profits.
Under privacy legislation, dealers are required to ask permission before checking credit. But
two credit agencies, Transunion and Equifax, told CBC News that they don't usually ask for
verification. The agencies said when dealers call for credit checks, they assume the consumer
has granted permission for the check to be completed.
Click on the red link above to continue the story.
Source: CBC News
