credit rating and charge very high interest rates. Many companies use these lenders to provide down payments for homes, cars or anything on terms when the customer has no cash. They approve the purchaser’s loan the day of the main loan. This keeps them off the credit search so it will not affect their rating from the 3 credit reporting agencies.
” This guy wants the car but he is upside down on his trade and so we need to mouse house him to show equity for the loan.”