Ads for auto loan modification scams are ALL over the Internet. These auto loan modification companies promise to negotiate with lenders to get customers lower car payments — for a upfront fee.

Consumer advocates and government regulators say most auto loan modifiers promising lower car payments will take your money and provide little or nothing in return. Consumer complaints about auto loan modification companies are increasing nationwide.

In June, Florida’s attorney general shut down Auto Relief Group, a south Florida auto loan modification company that has an F rating with Better Business Bureau.  Read the rest of this entry »