I seem to be victim whenever I purchase anything through credit. 2 years ago I bought a car for my wife and I end up having a account with over R7000 balance with Mr Price in Durban and the last I went to Durban was 5 years ago then. At the moment I am in a process of buying a house and somebody is busy getting finance to buy a Range Rover through a Dealer in florida. I think this is so because these days you opt for bond originators that assist you in getting finance and your documents are leaking through this channel.

Loop holes are Motor Dealers that are not vigilant where they accept only copies of ID, Bank statement, Proof of address to apply for finance. Another is Bond Originators that sends application to all the banks that offer home loans. Due to competition and market conditions, finance houses just accept and process anything.

The problem is that my credit report reflect enquieries done with all the banks. This person has changed postal address and the contact numbers. If I was not check my ITC records I wouldn't have picked it up that I am a fraud victim.

In future I will apply for finance myself, at leased I know whom I have given my documents to and perhaps I can trace where the leakage was.