First Party Fraud Flags
Help uncover hidden credit washers and piggybackers
SentiLink First Party Fraud Flags quickly uncover risky applicants who misrepresent themselves to take advantage of the financial system for their own gain. These applicants leave financial institutions with outsized losses compared to consumers with similar credit scores. Our research and analysis of credit manipulation tactics and associated loss data – including credit washing and piggybacking – enables us to surface potential instances of these intentional abuses more effectively.
Features
Features
Inside the SentiLink First Party Fraud Flags
SentiLink provides a set of 2 true or false Flags that indicate first party fraud based on insights from our research and our continuously updating consortium of partner data. The first Flag highlights serial tradeline disputers (a.k.a. “credit washers”) and the second Flag calls attention to malicious authorized user purchasers (a.k.a. “piggybackers”).Serial Disputer
This Flag surfaces applicants who are most likely to repeatedly apply for credit and loans, bust-out, and then contact the credit bureaus to claim that they were victims of identity theft at the time of application. This is sometimes referred to as “605b fraud” since it involves abuse of a provision of the Fair Credit Reporting Act.