2020 Account Analysis Volume 
FICO
MAY 19, 2021
In my personal experience, first-party fraud typically comprises around 10% of the volume of credit losses (also known as bad debt) but, alarmingly, more than 20% of the value. Debt collection agencies (DCAs) are leaking more profits and costs, too, trying to collect on something that isn’t recoverable. A Drain on Profitability.
FICO
MAY 19, 2021
In my personal experience, first-party fraud typically comprises around 10% of the volume of credit losses (also known as bad debt) but, alarmingly, more than 20% of the value. Most companies are reluctant to impose controls that may stop fraud, but which may also dissuade legitimate prospects, new accounts and current customers.
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