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Fraudsters Posing as ‘Perfect Borrowers’ Rack Up Big Losses
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Fraudsters Posing as ‘Perfect Borrowers’ Rack Up Big Losses

Synthetic Identities for Superprime Borrowers Generate 3 Times Higher Fraud Losses. Auto lenders operate on a simple principle – the higher a borrower’s credit score, the lower the risk. But new data from TransUnion reveals a troubling contradiction: Superprime borrowers with a credit score higher than 720 are generating three times more fraud losses than subprime borrowers.

First seen on govinfosecurity.com

Jump to article: www.govinfosecurity.com/fraudsters-posing-as-perfect-borrowers-rack-up-big-losses-a-29750

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