Newsletters
March 2007
Your Customer...Or Would-Be Thief?
As a dealer, the risks you face from identity theft are significant and growing. And unfortunately, auto dealers have become prime targets.
More and more independent and franchise dealerships are relying on sophisticated identity verification tools to protect themselves from losses due to identity theft and fraud.
Every 79 seconds someone’s identity is stolen; every two hours one of these identities is used to steal a car.*
So what’s really at risk when it comes to identity theft? Plenty. Here are just a few reasons why implementing a comprehensive identity verification program at your dealership is so important.
PROTECT YOUR DEALERSHIP
Losses due to fraud and identity theft are multiplying, and more lenders are expecting dealers to catch identity thieves before they take possession of a car. If you don’t, you could find yourself on the hook for the loan and the missing car.
PROTECT YOUR INTEGRITY
Should your dealership fall victim to fraud or identity theft, news can travel fast – which can significantly weaken your reputation as well as your customers’ confidence in doing business with you.
PROTECT YOUR CUSTOMER’S IDENTITY
When it comes to identity theft, you’re not the only one at risk. Consumers need to know that their private information is being safeguarded by a dealership they can trust.
Fortunately, you have options to protect your dealership – and your profits – with smart identity verification solutions like BuyerID from First Advantage CREDCO. BuyerID Index is a score-based risk evaluator that is delivered automatically with the consumer’s credit report. BuyerID Advanced – available through CREDCO’s dealer portal, CREDCOServices.com – delivers a more comprehensive and systematic ID verification solution.
Both are designed to help car dealers prevent identity fraud and vehicle theft, and the associated losses before they happen.
It pays to know who your real customers are. To learn more, please call First Advantage CREDCO today at (800) 694-1414.
Tradeshows
We will be exhibiting at the following tradeshows this spring – come see us!
- NABD BHPH Conference: May 14 – 16
- Dollar Thrifty Conference: June 3 - 5
- NIADA Conference: June 14 - 16
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