The automotive sector is being helped by fraudsters, for example on Equifax

Credit applications and identity information account for 54% of the fraud cases the auto finance industry sees on a report in a single day, even on a document from Equifax Canada.

A house of a certain order is that the sector is cibleconfirm in entrevue Carl DaviesHead of Fraud and Identity Prevention at Equifax Canada.

And the expansion of the plus market in Ontario, our frauds have doubled in the report in the second quarter of 2023, and a document is made public.

The increase in the price of vehicles on the road of the dernières is intended to combat fraudsters in the car industry and limit the fight against criminals, according to M. Davies.

Economic difficulties

There are many fraudsters who are not involved in the criminal groups.

Fraud fraud is often a cell of the entrepreneur in his financial situation, for example his income. It represents the environment for 60% of the fraud in the sector of car financing.

If the ratio is so similar to a person’s age, the resident’s problem can provide some fun.

Carl Davies As inflation exacerbates the financial problems of the Canadian population, this could create a phenomenon.

If you are absolutely free of a car, do you think it is fair to see what peuvent issaid-il.

The type of fraud is more common among the young Canadians, who get the impression that little people do not cause problems, but that the four false convictions can lead to long-term punishments. If you answer the question about prices, you will get more and more credit or get bored with the law.

Mr. Davies tends to ensure that generations facing an economically difficult situation have high quality chocolate.

The identity fanatics

The share of requested credit presentations continues to maintain a bad identity, even if the report is displayed. Elles represents 48.3% of fraud demands in the second quarter, while 42.9% occur in this period.

If the sellers assume that the large quantities of pertes will eventually yield a result, they will recover their debts and pay the consommates.

Equifax urges entrepreneurs and consumers to be cautious. Check the identity, make sure the documents of the financiers are authentic and that they are aware of fraud in the region that can help you combat the problem, if you are the agent.

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