Sentilink authors first of its kind financial fraud “credit washing” report...

SentiLink – a financial fraud protection provider working with over 200 of the leading financial institutions in America – will release a study, which analyzed 9 million U.S. consumer credit reports and shows an eerily high rate of credit washing (a form of fraud, when federal FCRA rights are abused to falsely assert that one is a victim of ID theft and have entire tradelines removed, bumping the consumer’s credit score).

This is the largest and most comprehensive empirical assessment done by any entity to date on credit washing. SentiLink’s report also comes on the heels of a recent TransUnion report showing an 80% increase in digital fraud attempts globally (up from pre-pandemic levels).

---