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Auto lenders are on the lookout for credit washing scams
Yahoo Finance· 2025-10-27 11:42
This story was originally published on WardsAuto. To receive daily news and insights, subscribe to our free daily WardsAuto newsletter. What’s been referred to in the industry as a credit washing scam tactic appears to be growing in popularity in auto loans – including some fraudsters who on paper resemble borrowers with sound, low-risk credit. This according to a new study from Chicago-based credit reporting bureau TransUnion. “Credit washing is a type of fraud that’s related, obviously, to a credit repor ...