Asset finance fraud cases soar

7th November 2022 Asset Finance | #asset finance fraud

Fraudulent activity for asset finance products has seen a 162% increase, according to fraud prevention service Cifas. As a result of the cost-of-living crisis, the asset finance industry is facing significant challenges, with rising costs causing a surge in fraud. The motor finance sector has been particularly hard-hit, seeing a 13% increase in fraud in…

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