Finance Insurance

Point Predictive: ‘Credit washing’ grows as auto loan fraud risk

The practice of "credit washing," where a person falsely reports weak spots on their credit history as the work of an identity thief, appeared to be on the rise among consumers applying for auto financing in 2024, according to Point Predictive.
The practice of "credit washing," in which a person falsely reports weak spots on their credit history as the work of an identity thief, appeared to be on the rise among consumers applying for auto financing in 2024, according to Point Predictive. (SPIFFYJ/E+ VIA GETTY IMAGES)
JH
By:
John Huetter
May 05, 2025 07:36 PM

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