In todayвЂ™s society, credit card debt is an unavoidable life-style. Loans assist the average Canadian maintain a good credit history, pay money for college, finance an automobile, and buy a house. TheyвЂ™re also assisting more and more Canadians stay afloat during rocky economic times. But that doesnвЂ™t mean loans arenвЂ™t without risks, as well as the biggest risk of most is whom you elect to borrow from.
Exactly exactly exactly How extreme is the danger? Take a peek during the figures: every year, Canadians lose on average $100M bucks to scammers, but because no more than 5% of victims come forward to report the criminal activity, the greater company Bureau estimates the number that is real most most likely when you look at the billions.
Main point here: frauds are big company in Canada, and loan fraudulence represents an important bit of that billion-dollar cake.