Automotive finance fraud is a growing problem. As cars have become more difficult to physically steal from the street, automotive loans have become cheaper and easier to get. Criminals have turned their attention to using automotive finance as a route to steal cars. Using stolen or synthetic identities, they take out loans to obtain a vehicle — and it only becomes apparent it’s fraud when loan payments aren’t met. Dealerships are left with a debt they can’t recover and no way to trace the missing vehicle.
Download your free Solution Sheet
Take the next step
Connect with FICO for answers to all your product and solution questions. Interested in becoming a business partner? Contact us to learn more. We look forward to hearing from you.