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The Same Name Scam
The Same Name scam is a form of credit fraud in which entities deliberately choose names similar to those of well known companies hoping that the confusion will result in orders being released. One way to address this is to purchase a credit report on any entity that has a similar name to a well-known company.
If the credit report is in some way ambiguous, learning what you need to know may be as simple as calling the well known company’s headquarters, providing the switchboard operator with the address, and asking for the telephone number. If the company operator cannot provide the name or at the very least the phone number for the applicant, use caution. You might just be seeing the Same Name scam.
Copyright 2010. Michael C. Dennis. All Rights Reserved