Tweet
Fraud involving current accounts soared to a new peak in the first quarter, it is disclosed in a survey today.
The data shows 44 in every 10,000 applications for current accounts were found to be fraudulent, an increase of 23pc on the fourth quarter last year. Experian, the information services company which compiled the data, believes financial pressures forced many people to resort to fraud to avoid falling into debt. Many are providing false or misleading information to justify an overdraft or open current accounts. The economic downturn and squeeze saw fraud in the financial services sector overall leap 16pc in the first quarter compared with the final three months last year. More than 60pc of the current account cases were attributed to individuals falsifying personal circumstances in order to qualify for a current account or overdraft.....Read more here: Bank account fraud reaches new heights - Telegraph
- Hi & Welcome to the AAD Consumer Forum
We're a FREE consumer debt and legal forum offering help, support and debate in many areas of day-to-day life. You will need to Register a Free Account before you can join in with the discussion and contribute with your own posts. Remember to also check out the FAQ's so you can get to grips with how the forum works ready to start posting your new topics. Read about the new GDPR 2018 Rules and how it affects you as a member of AAD.