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To: Perspective who wrote (195350)10/4/2002 1:38:16 PM
From: benwood  Respond to of 436258
 
That was a Ford Dealership. My experience with that particular dealership leads me to believe they would be steering customers to local lenders, not FMC, but I don't know that for sure in these cases, they just steered me there once and got all happy as clams but I refinanced the next week at my CU and the backslapping ended prematurely.

I'm sure the dealer loves these stacked loans because the loan fee they would get for the referral would be that much bigger (even sweeter if the interest rate was higher, which I would expect). If you think about it, the original loan never gets paid off, much like what happens when somebody doesn't ever pay off their credit card balance. Nice game, eh?