Skip
A Skip is a derogatory term for a customer who defaults on a loan and disappears with the financed vehicle, making it difficult for the lender to repossess it. Dealers and finance companies classify these accounts as high risk.
A Skip is a derogatory term for a customer who defaults on a loan and disappears with the financed vehicle, making it difficult for the lender to repossess it. Dealers and finance companies classify these accounts as high risk.