PPI Claim Company Logo
PPI Claims - About PPI

PPI Claim News - 2/3/2010

 
Payment Protection Reclaim: Lack of credit is fuelling fraud, says expert

A lack of available consumer credit is fuelling the number of identity frauds, one expert has claimed.

Fraudscape, a report published yesterday by the UK's fraud prevention service CIFAS, showed that the number of identity frauds, including false identity and identity theft, jumped by 31.79 per cent year-on-year in 2009.

Commenting on the statistics, Neil Munroe, external affairs director of personal finance consultants Equifax, says it is a sign that even criminals are having difficulty getting credit in the recession.

He said rather than setting up new accounts, crooks are opting for "account takeover" so they do not have to apply directly through the banks.

"Fraudsters have had to adapt to a tightening of new credit and are therefore trying to find money from existing credit agreements.

"Fraudsters are adapting to the current economic climate," reveals Mr Munroe.

Fraudscape also revealed that the final quarter of the year seemed to produce the highest level of incidents, peaking at almost 30,000 cases, up from around 23,000 in Q3.

Belmont Thornton can help you make a PPI claim – Payment Protection Insurance Claim, or a credit card charges claim. For free PPI Claim advice call 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19644850-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Quick Claim

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273

Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.

Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.

Please note that calls may be recorded and email traffic monitored for the purposes of security and staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.