A direct auto loan is where a bank gives the loan promptly to a consumer. An indirect auto loan is where a car dealership acts as an intermediary between the bank or financial institution and the consumer.
Predatory lending is in succession cut of abuse in the granting Auto Loans of loans. It usually involves granting a loan in order to put the borrower in a scene that one can gain advantage over him or her. Where the moneylender is not authorised, it could be thought-through a loan shark.
