Elizabeth Barnes and Brian Ace. A yo-yo scam occurs when a consumer is led to believe through acts or omissions by a car dealer providing financing that the loan financing is final when in fact the dealer has.
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More local dealers are turning to deceptive pricing scams to recoup losses from the bad economy warns Tracy Myers auto industry advocate and owner of Frank Myers Auto Maxx in Winston-Salem. While it is true that it certainly does not help your credit you should know that. Determine how much money you will need to borrow.
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