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Implore the halt of predatory auto finance lending, especially for those on fixed income.

Created by G.N. on March 07, 2013

I have seen far too many people on fixed income, especially senior citizens, victimized by predatory auto financing that I had to address it. Recently, an elderly woman was forced into bankruptcy because of a ridiculous payment on a fixed income that was nearly 1/2 of her monthly budget! This example is only one drop compared to the lake of victimized people in our country today. They do not take into consideration the customer's ability to repay the loan. Verify little, if any, documentation is required to purchase an auto which has opened the door to stated income financing. This practice contributed immensely to the mortgage crisis that nearly buried our economy in 2008. Please help in the prevention of auto financing abuse and sign today!

Economy & Jobs
Government & Regulatory Reform
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