With every new business comes a new scam. ATM’s which were seemingly a pretty safe bet can have your information captured by thieves, the nations home crises resulted in mortgage refinance scams and so it goes. For every new way to do business the scammers come up with a way to take advantage of people. The online auto loan scams are almost too numerous to mention, but they are certainly out there. From identity theft to changing terms on contracts already agreed to, we’ve seen and read about them all.

Perhaps the first question you should ask yourself, before you get car loan online, is with whom am I doing business? Is it a legitimate concern or just an info mine designed to trap unwary auto finance seekers into providing personal information? Are there any ways to be sure? One thing that can ease your concerns is the way in which business is conducted. The LoanexFastCash.com operates through a dealer/lender network. You will have a person to contact at a dealership near your home if you have any questions and concerns. This website also has a contact point if you feel that the information you have provided has been handled improperly. It is our job to protect the privacy of the information you provide us and to provide it in turn only for the purposes for which you provided it in the first place.

We work very hard to prevent the theft of information from our websites which include SSL encryption that protects your information even as it is transferred from your computer to our server. Our dealers have been screened and we only provide the information that you provide to businesses that we have checked out beforehand.

Things that you should look out for before providing any sensitive information:

• Address and contact information, if these are absent or inaccessible you should be careful. Check the site maps to see if they have contact info, privacy policy or show ownership of the site.

• Loan offers that do not provide terms and spell out grace periods, pre payment penalties etc.

Before you agree to any terms see what else may be on offer, check with a local bank or credit union to find out what their loan rates are currently set at. Check with car financing online sources to see what the going rates are online. Be aware and be careful and you won’t become a statistic.