Understand Application Fraud

Understanding Application Fraud

Application fraud occurs when a person uses false or stolen information to apply for a rental property. This can include fabricating personal details, employment history, or financial status, as well as using someone else's identity without their permission. The consequences of such fraud can be severe for property owners, leading to lost revenue, legal complications, and property damage.

At Deny Fraud, we specialize in preventing this type of fraud through our robust Applicant Verification service. We use advanced skip tracing techniques and thorough background checks to ensure that every applicant is exactly who they claim to be. By verifying the authenticity of applicant data, we help landlords make informed decisions, reduce risks, and foster a safer rental environment.

Protect your property investments with our expert services designed to detect and prevent application fraud efficiently and effectively.

The Risks of Social Security Number Fraud in Rental Applications

One common method of application fraud involves the misuse of Social Security numbers (SSNs). An applicant might use someone else's SSN to appear as a more favorable candidate, or they might alter their own SSN by changing a few digits. Such alterations can prevent landlords from retrieving accurate credit reports, leading to incomplete or misleading background checks.

When a landlord or property manager attempts to pull a credit report with an altered or fraudulent SSN, the credit bureaus might return a response such as "no credit history found." This can be misleading, as it may seem that the applicant is simply young or new to credit, rather than indicating potential fraud.

At [Your Company Name], our Applicant Verification service addresses these challenges head-on. We utilize sophisticated methods to detect discrepancies in SSN submissions and ensure the identity provided corresponds to the actual credit history. By verifying the integrity of each SSN, we help landlords avoid the pitfalls of fraudulent applications, ensuring a trustworthy and reliable tenant screening process.

Protect your property and investment by partnering with us to guard against SSN fraud and other deceptive practices that could impact your rental decisions.