As if Gap losses weren’t bad enough we now see the significance of Negative Equity.
Although we have seen it before today’s rapid increases in GAP losses should be of concern. Both the frequency and severity are now rising to levels that are concerning.
The CFPB’s Summer Supervisory Highlights report says one or more lenders are deceptive in their advertisements for GAP coverage and disclosures of payment deferral terms.
According to Consumer report you should carefully read the contract when buying car or truck – or you could end up paying more than you expect.
Phoenix American Warranty Company, a premier provider in the Vehicle Service Contract, GAP Waiver and Vehicle Protection Product industry, celebrates its 30th Anniversary.