According to Experian’s State of the Automotive Finance Market Report: Q2 2022, the average new vehicle interest loan rate for consumers with a credit score between 501 and 600, also referred to as subprime, was 9.75%—compared to prime consumers with a credit score between 661 and 780, who had an average new vehicle interest loan rate of 4.03% this quarter.

Fraud mitigation is an ongoing process to identify suspected fraud quickly and manage any fallout without increasing risk.

Financial elder abuse fraud occurs when someone illegally uses a senior’s money or other property. Previngting it requires a robust fraud solution.