Finance fraud surges in 2010 say credit experts



Automotive finance fraud rose by more than a third in the first half of 2010, according to credit experts Experian.

The second quarter of this year was the worst, with 47 fraudulent applications for every 10,000 compared with 25 in the same period last year.

Most people – 64 percent – were trying to conceal poor credit history in their applications, whilst 20 percent lied about their employment history.