Unplugging The Credit Washing Machine



January 13, 2022

Unplugging The Credit Washing Machine

SentiLink's Jason Kratovil tackles the topic of credit washing in his latest article in BAI's Banking Strategies Executive Report.

Credit washing is an attempt to hide negative information on a credit report by making a false claim of identity theft.

The burden on financial institutions to investigate and resolve every dispute or ID theft claim is significant. Some lenders experience thousands of claims each month, with the vast majority— more than 90%—found to be frivolous.

Read the entire article here. 


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