Wednesday, 19 June 2019

Credit washing, synthetic identity fraud among top concerns for auto lenders

Major auto lenders late last year reported an overwhelming influx of complaints from customers reporting identity theft. The claims, however, were fraudulent and part of a widespread scheme to prompt auto lenders to remove legitimate trade lines from those customers' credit reports-- a practice known as credit washing or credit repair fraud.



source https://www.autonews.com/finance-insurance/credit-washing-synthetic-identity-fraud-among-top-concerns-auto-lenders

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