With a problem credit auto loan financing bad credit buyers, as other buyers, fraudulent phone warranty companies representing themselves as the centers were contacted.
buyers an "extended warranty" he says.
Auto Service Contracts
Service contract scams
will be swamped with.
Missouri Senate Bill SB132
State of Missouri as "misleading direct mail and telemarketing campaigns to become a hotbed for" Service Contract Industry Council stating (major manufacturers, insurance companies, retailers, service providers and industry representing 80 percent of the contract a group of administrators ) Missouri Attorney General's office worked closely with the legislation that was signed into law in July last year to draw.
SCIC Here are some excerpts from the press release:
Missouri Senate Bill SB132 State Attorney General motor vehicle service contract industry, which convened the task force is the result of a year ago.The new law January 1, 2012 took effect.
"SCIC Missouri Attorney General Chris Koster choose to work with and check with U.S. Fidelis St. Louis - based companies of deceptive marketing practices," Timothy J. Meenan, SCIC executive director."
SCIC model language for sale to consumers before a contract is required to obtain a copy of the terms and conditions.
In addition, SCIC worked extensively with Assistant Attorney General Doug Ommen, Missouri-based businesses and individuals to sell motor vehicle service contract to a new licensing framework.
As we see it
Buyers do not buy any service contract until they have researched the company. In addition, the selling dealer to buy a warranty means that if there are any issues which you (licensed car dealer must comply with your state consumer protection laws) will know to contact.
Regardless of where you buy it, before you buy to make sure that the service contract is competitively priced, be sure to shop around.
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Tuesday, February 7, 2012
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