Identification theft, commercial collection agency, and pay day loans list that is top of fraudulence complaints
Identification theft led the menu of top customer complaints in 2013, that they lost over $1.6 billion to various types of fraud, reports the Federal Trade Commission with US consumers reporting.
- By Reuters
The apparently intractable issue of identity theft led record of top customer complaints yet again in 2013, with US consumers reporting they destroyed over $1.6 billion to a lot of different fraud, the Federal Trade Commission stated in a written report released on Thursday.
Of this 2 million customer complaints that the commission received just last year, 290,056, or around 14 per cent, had been linked to identification theft, the FTC said.
“This (identify theft) has topped record since at the least 2006,” stated David Torok, director associated with the FTC’s Division of preparing and Information.
Identification thieves will make acquisitions on charge cards they don’t obtain, make withdrawals from a target’s bank-account or take down loans within the target’s title, among other forms of fraudulence. Read More