The company watchdog is warning car buyers that lenders are utilizing manipulative ways to lure debtors to enroll in loans they can not afford.
The Australian Securities and Investments Commission (ASIC) is urging lenders to tell potential clients of their charges and fees.
ASIC Commissioner Alan Kirkland says many individuals have been left with a better debt than their borrowed quantity as vehicles have been overvalued and fees have been added to the owing steadiness.
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