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Identify Theft Loan Fraud | सबसे भयंकर Loan Fraud se Bache | Loan Frauds In India | Cyber Awareness

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Identity theft loan fraud occurs when someone obtains a loan or credit using another person’s identity without their consent. The fraudster might steal the victim’s personal information, such as their name, social security number, date of birth, or financial details, and use it to apply for a loan or credit account in their name. Once the loan is approved, the fraudster may receive the funds, leaving the victim responsible for paying back the loan, damaging their credit score and financial well-being. It is a serious crime that can have severe consequences for victims, and it’s crucial to take immediate action to mitigate the damage caused by identity theft loan fraud.
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