At Approved Loan Store, we are asked all the time why we don’t sell cars over the phone. “Can’t you just run my credit? Why do I have to go to a dealership?” There is a very good reason why we don’t sell cars on our website or over the phone, and that reason can be summed up in a cautionary tale out of Indiana.
Earlier this month, Jamie L. Boyd was charged with fraud on a financial institution, theft, and identity deception. She allegedly used her mother’s personal information including her driver’s license to finance a 2009 Chevy Tahoe. To make matters worse, her mother was hospitalized at the time and passed away only six days after Boyd purchased the vehicle.
The courts will have to decide Boyd’s guilt, but if the allegations are true, she illegally obtained over $41,000 in financing when she bought the Chevy Tahoe. Now, it is terrible that she might have used her own mother’s personal information and broken the law to buy a car. Imagine if someone with access to your personal information tried to do the same thing to you.
When we send our customers to an Approved Loan Store location, we require that they bring documentation to properly prove their identity including but not limited to their driver’s license, Social Security card, and proof of residence. By taking these steps, we ensure that identity theft cannot and will not happen.
Are you ready to get into the car you want at terms you can afford? Approved Loan Store is ready to help you! Get started by filling out our secure online auto loan application here, and get the latest auto news and buying tips by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube!
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