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New Study Finds Roughly 1 In 15 Adults Lie About SSNs, DOBs On Credit Applications

06/29/2011 9:25 am 0 comments

Roughly 1 in 15 U.S. adults are intentionally committing fraud by lying about their Social Security number, date of birth, or other personal information on credit applications, claims a study released today by consulting firm ID Analytics.

Eight million people are using two or more Social Security numbers, 16 million have used multiple dates of birth, and another 10 million have intentionally co-mingled their personal information with a spouse’s information, the report says.

Fraudsters range from full-time, professional ID thieves, to applicants simply trying to evade creditors’ background checks, to citizens trying to trick government agencies into giving them benefits they’re not entitled to.

In all, 45 million Americans entered incorrect information on applications for cell phone service, auto loans, credit cards, or other similar transaction, ID Analytics says. While some of those mistakes could be the result of applicants simply being inconsistent with their names, roughly one-third to one-half of those involve deliberate attempts to escape a bad credit history or otherwise evade detection of a negative event in their past, said Stephen Coggeshall, chief technology officer for ID Analytics.

To read this article in its entirety visit MSNBC.

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