Once a fraudster has gained confidence that the identity theft is working, he or she often takes out a loan using the victim's identity. The most common type of fraudulent loan is for which of the following items?
A) Foreign travel
B) Purchasing real estate
C) Education
D) An automobile

Question

Quizplus · Accepted Answer

The most common type of fraudulent loan is for purchasing an automobile. This is because automobile loans are usually easier to obtain and require less documentation compared to other types of loans such as a mortgage or education loan. Additionally, the fraudster can sell the car for cash or use it for their personal use.

Once a Fraudster Has Gained Confidence That the Identity Theft