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 loan for identity theft is for an automobile. This is because the value of the vehicle can be used as collateral for the loan, making it easier for the fraudster to obtain the loan without arousing suspicion. Additionally, cars can be sold quickly for cash, providing immediate profit for the fraudster.

Once a Fraudster Has Gained Confidence That the Identity Theft