Fraud is a multi-billion dollar problem for the automotive industry and growing. With the shift to online car buying and emerging fraud threats, the need for fraud solutions is greater than ever. Experian Automotive has industry-leading solutions to help auto dealers and lenders quickly and accurately verify identities and detect fraud risk.
Synthetic identity fraud is when fraudsters use a combination of real and fake information to finance a vehicle.
First-party fraud is when a person knowingly misrepresents their identity or gives false information while financing a vehicle.
Generally known as identity theft, this is when fraudsters use someone else’s identity without their knowledge to finance a vehicle.
Provide a seamless process that will protect both your business and your customers.