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Steve Simon’s problem, when you visited a local car dealer to ask about getting a vehicle, and the operation did not result. Had allowed the seller to manage his credit. “I did not like the interest rate on it, so I denied it, I went home,” said the driver of the delivery car.
Unfortunately, this was not the end of the story, but it was the beginning of the nightmare. Said CBS New York After his visit to the seller, the days received re-warnings of harsh surveys on credit. If you buy a lot, they can hurt your account.
Still worse, week later, with a woman named Michelle, he rejected a letter that he was rejected by a company with a company. “I don’t have any michelle, there are no people like this and I will not get a vehicle, I will not point together to get another vehicle,” Simon said.
Now Simon is looking for answers, but the sellers cannot explain what happened. Although Shimon’s identity theft is the victim of theft, it is not the only one.
Auto Loans and Leases Related Personality Theft occurs more often than you expect. In 2024, the Federal Trade Commission claimed 60,189. This was a 16% increase compared to the previous year.
Things don’t look better this year. FTC data reveals so much automatic leased or 21,446 of credit identity, in the first quarter of 2025, this was 71% above the same moment last year. If this trend continues, in 2025, CBS will see a record number according to New York.
Synthetic personalities that combine a real person’s information with false information such as a real person’s social security number or date of birth are a growing problem due to generative AI. At the end of last year, $ 3.3 billion credit cards, bank credit cards, retail credit cards, such false personalities and unsecured individual loans were made. Transunion sheet.
The type of Simon’s experienced personality theft can damage the victim’s credit account, debt and material welfare.
