The Commercial Fraud Shell Game

What seems like bad debt could simply be fraud. Knowing which is which can help collection efforts.

IDENTITY THEFT AND OTHER forms of fraud have understandably commanded significant media and regulatory attention, but a large amount of fraud flies under the radar, going undetected as bad debt.

Industry executives Experian has talked with estimate that some 30 percent of all commercial credit losses can be attributed to false or misleading information that went undetected through the approval process. Some put such “soft” fraud losses as high as 40 percent to 50 percent.

Click here to download the Collection & Credit Risk article on The Commercial Fraud Shell Game from Experian.

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