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Home | Fraudulent loan applications up 33% |
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Fraudulent loan applications up 33%
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- September 08, 2010
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Experian has reported that in the first half of this year, 19 in every 10,000 loan applications received by UK financial institutions were identified as fraudulent, the figure showing a 33% increase on the second half of 2009.
Notably, first-party fraud, which involves individuals attempting to hide adverse credit histories or misrepresenting their employment status, [...]
- Read more at:http://www.bankingtimes.co.uk/08092010-fraudulent-loan-applications-up-33/
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