Identity flight: When you buy a car … without knowing star-news.press/wp

Alex Cicoria is very common in the evening of Alex Cicoria, but when dinner, he received an unexpected visit: a bailiff with a ring at the door. “I told me that I bought it for a vehicle, that I didn’t pay the monthly costs and came to take it.” »

Bailiff does not include a vehicle that does not give feedback.

Mr. Cicoria owes more than $ 2108 to TD self financing. I thought it was a joke, but after a few minutes after talking, I knew it was serious. I started stressing.

Bailiff refers to the bank. In a few minutes, Alex Cicoria went to the TD Bank branch near his home. He who learned he leaves no words: a car loan of more than $ 42,000 was given without his knowledge.

Identity flight that leads to fraud

There is shock. The director of the bank raises the hypothesis of an identity theft and a fraud announced that he had bought a Audi Q5 truck used by an Ontario vendor.

I caught a little bit in the bank. How can you have a $ 42,000 loan without confirmation? I didn’t sleep that night.

It is strongly recommended to go to the police to make a report. This document will need to restore its identity and show different organizations – Banks, Equifax, Transunion, insurance company – is a victim of fraud.

This is the first step in a long set of steps. The next three months will be very busy for Alex Cicoria.

He consulted his credit file he understands he understands that the vehicle was bought MotorLine Auto GroupIn Burlington, Grand Toronto.

Alex Cicoria will decide to contact the company. I talked to the manager and then we did a video call, he says. He showed me the driver’s license on my behalf and all my personal information. (…) He accepted a loan with an identity card.

Concessions, therefore, confirms him that a person falsified a driver’s license. Photo and signature are not Alex Cicoria, but another personal information such as a license number and date of birth.

Another information focused on. The Falsified License address is a place that has not been lived since 2019. Then he understands why he did not receive a message before Bailiff’s advice: correspondence was sent to his old address.

But how can someone steal his identity?

I really don’t know how my personal information could be. (…) There are so many organizations with your personal information. You can’t really say: “Ah, it’s his fault,” because everywhere.

A friend recommends calling his financial institution, desjardins, since it offers help to victims of an identity theft. Alex Cicoria is in charge of Cicoria and a lawyer involved in his file.

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Who is verifying buyer’s identity?

In his procedures, he learns when the seller is valid as a contribution between the customer and the bank when buying a vehicle. As a seller, I think he is responsible for checking the personality of the person who sells the vehicle. Then, in my opinion, he did not do all the necessary checksM. m. Cycle.

In fact, the banking loan is responsible for identifying customers is responsible for the merchant. To do this, the latter requires certain documents, such as driver’s license, according to the agreement that connects the financial institution.

Quebec Car General Corporate Corporate Corporation, Ian P. Sam Yue Chi explained A structure Most customers have a driver’s license when buying a vehicle, then reliable is the usual practice in the industry.

What we know today is that there are frauds with a high level of false finesse. So it can be difficult to validate 100% customer identity by sellers.

Faulty evidence

Fraud methods complicate driving license authentication and the sellers cannot do the automobile insurance tool in Cuebec (SAAQ).

What is Saaq It tells us on his website, it is essentially whether permission is validDit Ian P. Sam Yue Chi. So this validation is ultimately waterproof to prevent fraud? I don’t believe it.

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For Saaq The driving license confirms that a person identifies: the only information contained in it and what is used for authentication are validity, driving classes and restrictions. No name, address or photo.

The kind of fraud is growing

Equifax Credit Agency has a significant increase in car fraud in the country. 54% rose in Canada between 2023 and 2024, especially due to requests for credit and identity flights.

Carl Davies, Equifax’s fraud and head of identity theft prevention, should be more control for vendors. The ability to fraud the fraud to copy identity documents today is today, he says. For a misinformed eye, and for an expert, these fraudulent documents are very good quality.

With the recommendation of the Desjardins Attorney, Alex Cicoria may request requests for information to obtain TD auto financing contracts for loan contract and vehicle sales contract. In the loan contract, we learn that the bank needs a single identity card with a photo.

The only identity card is to get a ten thousand thousands of dollars. And this part can be a driver’s license.

TD Bank responds to us: We know that in addition to creating financial consequences, these events can cause tremendous stress. Auto TD financing works proactively to identify and prevent frauds with vendors.

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A vendor is now scary

We contacted the seller of the Ontaria MotorLine Auto Group. Ali Ahmad has claimed his representative, he has fulfilled his duties.

A customer arrived and had different documents. (…) told us: “(Oh, we often see Quebecers buying cars. We also checked his driver’s license. In fact, he had all of us. He had all the necessary permits. He was allowed (from Quebec).

The representative fears the effects of this fraud. He expects the result of the TD Bank survey to find out the loss of $ 42,000. It could be responsible for the bank wants to start this funding againHe said.

Damage Limiting Solution

To protect himself, all experts agree: the most effective means are Equifax and TransUnion accounts or credit alerts. Alex did what he did after his identity theft.

Freezing credit is a great thing. (…) It’s a very good way to avoid using your credit without permission. Alex, I congratulate: It’s a great first step.

After completing procedures for recovering his identity after three months, TD Bank eventually abandoned Alex Cicoria debt.

The credit rating that fell as a result of fraud is restored.

I didn’t sleep the nights, I didn’t know what would happen. I had to take days. I lost my work days SaaqIn the bank, contact Equifax. It was very complicatedemphasizes.