Americans are on pace to file the most fraudulent auto loan claims ever
CBS New York
[{'start': '0.320', 'end': '5.359', 'text': 'This year, Americans are on pace to'}, {'start': '2.800', 'end': '7.600', 'text': 'break an unfortunate record. The most'}, {'start': '5.359', 'end': '9.920', 'text': 'complaints ever filed to the Federal'}, {'start': '7.600', 'end': '12.880', 'text': 'Trade Commission in a single year about'}, {'start': '9.920', 'end': '15.200', 'text': 'alleged fraudulent auto loans. One'}, {'start': '12.880', 'end': '17.279', 'text': 'Brooklyn man who filed a report shared'}, {'start': '15.200', 'end': '19.320', 'text': 'his story with investigative reporter'}, {'start': '17.279', 'end': '22.000', 'text': 'Tim'}, {'start': '19.320', 'end': '24.480', 'text': 'McNicholas. Steven Simon from Brooklyn'}, {'start': '22.000', 'end': '29.119', 'text': 'hopes his hard work as a delivery truck'}, {'start': '24.480', 'end': '31.039', 'text': 'driver can lead to a ride for himself.'}, {'start': '29.119', 'end': '32.719', 'text': "He's looking to lease a used vehicle,"}, {'start': '31.039', 'end': '35.360', 'text': 'which is why he visited Northstar'}, {'start': '32.719', 'end': '37.360', 'text': 'Mitsubishi in Queens last fall. He says'}, {'start': '35.360', 'end': '39.200', 'text': 'he gave the dealership permission to run'}, {'start': '37.360', 'end': '42.719', 'text': 'his credit to see if he could lease an'}, {'start': '39.200', 'end': '45.120', 'text': "Outlander Sport. I didn't like the the"}, {'start': '42.719', 'end': '47.760', 'text': 'um interest rate on it, so I denied it,'}, {'start': '45.120', 'end': '49.920', 'text': 'left, went home. But Simon says he kept'}, {'start': '47.760', 'end': '52.320', 'text': 'getting notifications over the next four'}, {'start': '49.920', 'end': '53.559', 'text': 'days about hard inquiries on his credit.'}, {'start': '52.320', 'end': '55.480', 'text': 'This one'}, {'start': '53.559', 'end': '59.359', 'text': 'was the'}, {'start': '55.480', 'end': '61.600', 'text': '24th, the 24th, and the 25th. Then'}, {'start': '59.359', 'end': '64.239', 'text': 'nearly three weeks after his trip to'}, {'start': '61.600', 'end': '67.280', 'text': 'Northstar, he got this letter from Alli'}, {'start': '64.239', 'end': '70.159', 'text': 'Bank. It says he was listed and denied'}, {'start': '67.280', 'end': '72.560', 'text': 'as the co-licant for the lease of a Ford'}, {'start': '70.159', 'end': '74.560', 'text': 'Expedition Max at Northstar with an'}, {'start': '72.560', 'end': '77.119', 'text': "applicant named Michelle. No, I don't"}, {'start': '74.560', 'end': '79.280', 'text': 'know no Michelle or anything, no person'}, {'start': '77.119', 'end': '80.720', 'text': "like that. And if I wasn't able to get a"}, {'start': '79.280', 'end': '82.799', 'text': "vehicle, I'm damn sure not going to"}, {'start': '80.720', 'end': '84.799', 'text': 'cosign for somebody else to get a'}, {'start': '82.799', 'end': '86.799', 'text': 'vehicle. He filed a report with the'}, {'start': '84.799', 'end': '88.880', 'text': "Queen's District Attorney, but he says"}, {'start': '86.799', 'end': '90.560', 'text': "the dealership hasn't explained what"}, {'start': '88.880', 'end': '91.920', 'text': "happened. Uh, we've been trying to reach"}, {'start': '90.560', 'end': '94.159', 'text': "you guys for a story we've been working"}, {'start': '91.920', 'end': '96.320', 'text': "on. These employees couldn't explain it"}, {'start': '94.159', 'end': '97.680', 'text': "to us either. We've blurred their faces"}, {'start': '96.320', 'end': '99.680', 'text': "because we don't know if they had"}, {'start': '97.680', 'end': '101.119', 'text': "anything to do with Simon's case. I'm"}, {'start': '99.680', 'end': '103.200', 'text': 'not going to talk publicly about'}, {'start': '101.119', 'end': '104.799', 'text': "somebody's uh credit. If there was a"}, {'start': '103.200', 'end': '108.000', 'text': "mistake or something, we're willing to"}, {'start': '104.799', 'end': '109.360', 'text': "fix it, but uh that's it. Yeah. Can I"}, {'start': '108.000', 'end': '112.399', 'text': 'give you my card? I mean, would your'}, {'start': '109.360', 'end': '114.000', 'text': 'boss talk to us or I was, you know, kind'}, {'start': '112.399', 'end': '117.200', 'text': 'of mad and I was trying to figure out'}, {'start': '114.000', 'end': '119.399', 'text': 'how who can I call and who can I talk to'}, {'start': '117.200', 'end': '121.200', 'text': 'to investigate these people'}, {'start': '119.399', 'end': '122.640', 'text': "because, you know, I didn't get"}, {'start': '121.200', 'end': '125.439', 'text': 'permission for that and that was like'}, {'start': '122.640', 'end': '127.759', 'text': "ruining my um my credit score. That's"}, {'start': '125.439', 'end': '130.160', 'text': 'pretty surprising to me. Lucas Gutman is'}, {'start': '127.759', 'end': '132.879', 'text': 'a consumer advocate with the US Public'}, {'start': '130.160', 'end': '135.120', 'text': 'Interest Research Group or PERG. If it'}, {'start': '132.879', 'end': '136.640', 'text': 'had been accepted and someone who was a'}, {'start': '135.120', 'end': '138.239', 'text': 'criminal had gotten access to that line'}, {'start': '136.640', 'end': '140.319', 'text': 'of credit, they could cause some serious'}, {'start': '138.239', 'end': '142.480', 'text': 'damage uh by affecting the credit score'}, {'start': '140.319', 'end': '145.280', 'text': 'or or just affecting the debts that this'}, {'start': '142.480', 'end': '146.879', 'text': 'person owed. Data analyzed by CBS News'}, {'start': '145.280', 'end': '149.360', 'text': 'New York shows the Federal Trade'}, {'start': '146.879', 'end': '151.760', 'text': 'Commission fielded more than 60,000'}, {'start': '149.360', 'end': '154.319', 'text': 'complaints of allegedly fraudulent auto'}, {'start': '151.760', 'end': '157.440', 'text': 'loans last year. The reports steadily'}, {'start': '154.319', 'end': '162.000', 'text': 'climbed each quarter of 2024, resulting'}, {'start': '157.440', 'end': '164.680', 'text': 'in a 16% year-end increase over 2023.'}, {'start': '162.000', 'end': '167.040', 'text': "and it's still climbing. The"}, {'start': '164.680', 'end': '170.160', 'text': '21,400 complaints from the first quarter'}, {'start': '167.040', 'end': '172.879', 'text': 'of this year put 2025 on pace for the'}, {'start': '170.160', 'end': '174.640', 'text': 'highest yearly total on record. It was'}, {'start': '172.879', 'end': '176.239', 'text': 'crazy to me. That could be serious and'}, {'start': '174.640', 'end': '178.720', 'text': "it's important that you know this person"}, {'start': '176.239', 'end': '180.160', 'text': 'that experienced that they should file a'}, {'start': '178.720', 'end': '182.879', 'text': 'complaint with the FTC and they should'}, {'start': '180.160', 'end': '184.720', 'text': 'consider calling the cops as well.'}, {'start': '182.879', 'end': '186.800', 'text': "As for those credit inquiries, it's not"}, {'start': '184.720', 'end': '188.800', 'text': 'uncommon for dealerships to run your'}, {'start': '186.800', 'end': '190.159', 'text': "credit with multiple lenders if you're"}, {'start': '188.800', 'end': '192.560', 'text': 'doing the financing through the'}, {'start': '190.159', 'end': '194.879', 'text': 'dealership. Most credit bureaus will'}, {'start': '192.560', 'end': '197.040', 'text': 'bundle hard inquiries within two weeks'}, {'start': '194.879', 'end': '198.720', 'text': "into one inquiry, so it won't hurt your"}, {'start': '197.040', 'end': '200.319', 'text': 'credit score quite as much. Christine,'}, {'start': '198.720', 'end': '202.800', 'text': "that's why it's so important to sign up"}, {'start': '200.319', 'end': '204.640', 'text': 'for those alerts when they run one. So'}, {'start': '202.800', 'end': '207.040', 'text': 'curious, I saw you talking to the two'}, {'start': '204.640', 'end': '208.959', 'text': 'employees at the car dealership. Did the'}, {'start': '207.040', 'end': '210.720', 'text': 'manager, the owner ever get back to you?'}, {'start': '208.959', 'end': '212.640', 'text': 'No, never heard anything. And you know,'}, {'start': '210.720', 'end': '214.640', 'text': 'I actually went into the dealership'}, {'start': '212.640', 'end': '216.400', 'text': 'after that employee walked away and I'}, {'start': '214.640', 'end': '219.120', 'text': 'asked him to pass my card along to his'}, {'start': '216.400', 'end': '221.360', 'text': 'bosses. He told me to leave in some not'}, {'start': '219.120', 'end': '224.159', 'text': "so TV friendly terms, but that's okay."}, {'start': '221.360', 'end': '226.319', 'text': 'But the point is that we never found out'}, {'start': '224.159', 'end': '227.680', 'text': 'how Simon got that letter, how that wind'}, {'start': '226.319', 'end': '229.920', 'text': "up happening to him. We still don't"}, {'start': '227.680', 'end': '231.519', 'text': "know. And I'll also note that we don't"}, {'start': '229.920', 'end': '233.120', 'text': 'have any evidence that the dealership'}, {'start': '231.519', 'end': '235.040', 'text': 'did anything illegal here. All right.'}, {'start': '233.120', 'end': '236.799', 'text': 'Thank you, Tim. By the way, if you have'}, {'start': '235.040', 'end': '238.879', 'text': 'a story that you would like Tim and our'}, {'start': '236.799', 'end': '241.200', 'text': 'team to investigate, send them a message'}, {'start': '238.879', 'end': '244.799', 'text': 'by scanning the QR code on your screen.'}, {'start': '241.200', 'end': '244.799', 'text': 'You could see her story on our'}]