The Australian Securities and Investments Commission (ASIC) has issued against used car lender Money3, claiming that it failed to adequately train staff on relevant credit laws and did not ensure proper financial checks on the affordability of the loan were made.
Read More Enforcement Action Taken Against Money3
Australians have already lost over $288,000 to vehicle scams in the first quarter of this year, more than all losses reported to Scamwatch in 2019, and scammers have now begun impersonating defence personnel to con their victims. This is an ACCC media release, originally published on 27th April, 2021. In a vehicle scam, scammers post fake…
Read More Losses to car ad scams climbing
Report finds that fine print in many warranties means it’s very unlikely to get a claim paid out
Read More “Almost completely worthless” Used car warranties catching out countless Australians
Extended warranties on used vehicles can be designed not to pay out for reasonable claims
Read More Buying a car? Beware of being sold discretionary risk products