700Credit hosts synthetic ID fraud event with experts from the three major credit bureaus: Equifax, Experian and TransUnion

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700Credit, LLC

“This is a global issue from which no one is immune, so we asked our partner experts from Equifax, Experian and TransUnion to bring this important message to market,” said Ken Hill, Managing Director of 700Credit.

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700 Credit, LLC, the leading provider of credit reporting, compliance solutions and soft-pull products and services to the automotive industry, is pleased to host a major industry event that spotlights a precious topic: synthetic identity fraud . One of the fastest growing forms of fraud, synthetic identity fraud reportedly cost businesses $1.3 billion in 2020 and is expected to grow to $1.8 billion by 2021. Auto dealers and lenders have been particularly hard hit, accounting for $453 million reported losses last year and is expected to continue to grow for the foreseeable future. To make matters worse, the COVID pandemic has accelerated the pace exponentially over the past year.

“Our goal with this free webinar is to inform, educate, and equip our auto, motorsport, RV and marine dealer communities with information about this alarming and costly fraud now happening in our industry, and to provide tools and techniques to maintain their dealerships. – and their customers – safely,” said Ken Hill, Managing Director of 700Credit. “This is a global issue from which no one is immune, so we asked our partner experts from Equifax, Experian and TransUnion to bring this important message to the market. The credit bureaus have each worked diligently to study the issues and bring to market solutions that help dealers locate and protect their businesses and customers to minimize losses.”

There are 2 dates for the event: June 15 at 11:00 AM EDT and June 17 at 1:00 PM EDT.

For more information or to register today, CLICK HERE.

About 700Credit

700Credit is the leading provider of credit reports, compliance products and prescreen credit services in the automotive industry. The company’s offerings include dealer-facing pre-screen and consumer-facing pre-qualification platforms, credit reports, OFAC compliance, ID verification solutions, synthetic fraud detection, MLA, score disclosure notices, adverse action notices, and more. 700Credit provides its customers with the highest quality data in the most efficient way in a fully compliant framework. For more information visit http://www.700credit.com.

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