Monday, 24. October 2011
It seems that lenders in the vehicle finance sector are becoming more anal in the way that they are transacting business, requiring more information than ever before when applications are made in company names and becoming very tough about complete information and proofs when it comes to personal applications. This has led to customers Read more »
Wednesday, 30. July 2008
Whilst identity fraud continues to increase and cause concern to the leasing companies that often pay out tens of thousands of pounds for cars after receiving just a few signed documents and an advanced rental cheque, often for less than £1,000, motor finance fraud is relatively low compared to say credit card fraud or online purchase fraud. But there has been a steady increase in some more sophisticated organised fraud that results in professionals having their identities used in order to Read more »
Friday, 25. July 0200
2007 saw a huge leap in identity fraud according to Experian. In 2007 6,000 new identity fraud victims contacted their victims of fraud team compared to 3,500 in 2006. This represent a 66% increase in fraud cases reported to Experian alone. Having analysed 10,000 identity fraud cases Experian has been able to produce its most accurate propensity model ever. As a result they have been able to identify those most likely to fall victim to identity fraud as well as Read more »