FICO Survey Shows South Africans Will Bend the Truth to Access Credit

Oct 1, 2025 3:00 AM Eastern Daylight Time "Consumers are falsifying information in applications to gain credit, not understanding how much these loans could stretch their finances and risk leaving them unable to repay, or even facing the consequences of committing fraud,†said James Roche, principal consultant at FICO. "Banks are up against a constant challenge to prevent fraud and lend responsibly. While checks during applications may feel frustrating, they are there to protect the customer.†JOHANNESBUR ...