Consumers needing poor credit car loans face even more of an uphill battle if they allow someone to steal their personal information
Saving your refund for a down payment
Applicants with poor credit hoping to use a tax refund as a down payment for approved auto loans need to be concerned about identity theft especially during ie tax season.
We know because for the last twenty years we’ve been a part of bad credit auto sales here at Auto Credit Express. It’s also a reason we created a website – so people visiting it could study issues such as credit scores and used car service contracts as well as today’s topic, how to protect your identity so you can use a portion of your ie tax refund on a down payment for terrible credit auto loans.
Doing your part to fight identity theft
According to the Internal Revenue Service, there are a number of things that you can do to minimize the risk of someone stealing your identity:
• Identity thieves get your personal information by many different means, including stealing a wallet or purse or accessing information you provide to an unsecured internet site. They even look for personal information in your trash. They also pose as someone who needs information through a phone call or e-mail.
• The IRS does not initiate contact with a taxpayer by e-mail.
• If you receive an e-mail scam, forward it to the IRS at email@example.com.
• If you receive a letter from the IRS leading you to believe your identity has been stolen, respond immediately to the name, address or phone number on the IRS notice.
• Your identity may be stolen if a letter from the IRS indicates more than one tax return was filed for you or the letter states you received wages from an employer you don’t know.
• If your Social Security number is stolen, it may be used by another individual to get a job. That person’s employer would report ie earned to the IRS using your Social Security number, making it appear that you did not report all of your ie on your tax return.
• If your tax records are not currently affected by identity theft, but you believe you may be at risk due to a lost wallet, questionable credit card activity, or credit report, you need to provide the IRS with proof of your identity. You should submit a copy of your valid government-issued identification – such as a Social Security card, driver’s license, or passport – along with a copy of a police report and/or apleted Form 14039, IRS Identity Theft Affidavit.
• Show your Social Security card to your employer when you start a job or to your financial institution for tax reporting purposes. Do not routinely carry your card or other documents that display your SSN.
• If you have previously been in contact with the IRS and have not achieved a resolution, please contact the IRS Identity Protection Specialized Unit, toll-free at 1-800-908-4490.
• For more information about identity theft – including information about how to report identity theft, phishing and related fraudulent activity – visit the IRS Identity Theft Resource Page, which you can find by typing “Identity Theft” in the search box on the IRS.gov home page.
Once you’ve received your refund
By using our secure site, you can avoid driving around town searching for a dealer and possibly prevent the potential embarrassment of getting turned down for a car loan.
That’s because Auto Credit Express specializes in placing applicants with bad car credit with dealers for their best chance at getting approved for poor credit car loans.
So if you’re ready to take that first step in improving your auto credit, you can begin now by filling out our online auto loans application.