Beware Of Scams With Your Cars Title

7 months ago
5

Our sales staff receives hundreds, sometimes thousands, of calls daily from people needing car titles. With the cancellation of the Vermont loophole earlier this year, we've seen a surge in title fraud. Today, we discuss five common title frauds to watch out for:

Duplicate Title Fraud: Fraudsters request a duplicate title, pawn the new title, and sell the old one, leaving buyers with invalid titles.
Fake Mechanics Liens: Scammers use bogus mechanics liens to obtain titles for vehicles they shouldn’t.
Title Transfer Fraud: Some offer title services for a fee, requiring ownership transfer, which can lead to legal issues or losing your vehicle.
Altered VIN Numbers: Changing a vehicle's VIN number is illegal and easily detected, risking severe penalties.
Fake Lien Releases: Forging lien releases can lead to federal prosecution and hefty fines.

Since the Vermont loophole's closure, these frauds have increased. Be cautious and follow legal processes to obtain a title. For more information, visit www.cartitles.com.

Loading comments...