Thursday, 1 May 2008

Crunching Fraud

The number of bank accounts being taken over has risen

CIFA the UK fraud prevention service says that fraudsters have changed due to the credit crunch.

Their work shows that more people have been lying on their applications for credit and loans in an attempt to cover up a poor credit history.

Fraud cases have increased by 10% in the first quarter of this year.

Don't believe everything you read........especially on an application form.

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