Credit fraud: a hidden risk with major consequences
Written by Febelfin Academy, 20/02/2025 • Credits
Credit fraud is a form of financial fraud where false or misleading information is used to obtain a loan or credit. This can range from forged payslips and fake invoices to complex fraudulent schemes involving intermediaries and criminal organizations. The impact of such fraud is not only financially damaging for lenders but can also contribute to money laundering and other forms of organized crime.
