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The Treasury Select Committee has questioned whether individuals should be charged for copies of their credit report. At the moment it costs £2 or you can obtain a copy for free but it requires you to apply online to one of the credit reference agencies, provide credit card details as though you were going to pay monthly for anytime access, then cancel as soon as you’ve downloaded your current report, Read more »

Fraud and forgery crime increased by 16% in the 3^rd quarter of last year blamed on the credit crunch. Attention has been drawn towards brokers that arrange mortgages and finance as some of the main culprits helped along by the increasing acceptance of the Internet. As I recently reported things are getting tough for most of us involved in the finance industry and as happened in the last recession desperation Read more »

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 »

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 »