Insanity and Stupidity in the business of loans

[Oh_hunnihunni]

There have always been dodgy dealings in the car loan business. I know, I used to be one of the lenders. The reason the car dealers are using this gizusyerpasswrd service is to sign deals up on the spot so the buyer doesn't go away and think about the deal, and perhaps decide not to buy. It replaces and saves getting a credit check, and has very little to do with changes to the law which are designed to prevent salesmen signing buyers up to deals they might regret.