REPORT: Tough times yield more insurance fraud cases
Well, of course they will. Owner "give-up" cases result in felony charges of insurance fraud, making false statements to police and insurance providers, and arson if the car was burned. A better solution for cash-strapped owners, say experts, is to attempt to renegotiate payments, sell the car, or trade it in for a less expensive model. While you generally won't come out ahead, those transactions are legal and they'll keep you out of the slammer.
[Source: Detroit News | Image Source: Mark Dadswell/Getty]
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