Can An Auto Lender Bait And Switch?
Predatory lending isn’t just for home loans, it is also typical when consumers visit the car lot. A common lending tactic among auto lenders is the “bait and switch”. What happens is that the lender lures in a potential buyer with a deal on a certain auto, then claims not to have finalized the financing and requires you to return to sign more papers. Most times this happens after you’ve...