Dayhoff Westminster Soundtrack: Ten States (Including Maryland) With the Most Fraud Complaints By Thomas C. Frohlich

Monday, March 10, 2014

Ten States (Including Maryland) With the Most Fraud Complaints By Thomas C. Frohlich

Ten States With the Most Fraud Complaints By Thomas C. Frohlich

http://247wallst.com/special-report/2014/03/07/ten-states-with-the-most-fraud-complaints/?utm_source=247WallStDailyNewsletter&utm_medium=email&utm_content=MAR072014A&utm_campaign=DailyNewsletter

Fraud and scams cost Americans more than $1.6 billion last year. According to a report from the Federal Trade Commission (FTC), there were more than 2 million cases of fraud in 2013, down slightly from the previous year...

Read more: Ten States With the Most Fraud Complaints - 24/7 Wall St. http://247wallst.com/special-report/2014/03/07/ten-states-with-the-most-fraud-complaints/#ixzz2vWwJ0Dz0
Follow us: @247wallst on Twitter | 247wallst on Facebook

[...]

6. Maryland http://247wallst.com/special-report/2014/03/07/ten-states-with-the-most-fraud-complaints/2/

> Complaints per 100,000 population: 667.7
> Total complaints: 39,582 (14th most)
> Identity theft complaints per 100,000: 95.5 (6th most)
> 2007-2012 home value change: -19.3% (7th worst)

There were more than 5,660 reports of identity theft in the state last year, 19% of which were categorized as credit card fraud, a higher proportion than in all but a few states.

Residents had the highest student loan debt as of the beginning of this year, with $32,470 on average. Credit card debt was also much higher than in most other states, according to Credit Karma. Also, 14% of all fraud and other complaints were made against banks and lenders, the most of any state in the nation last year. The state’s housing market may be making residents more susceptible to fraud. Home values fell by nearly 20% between 2007 and 2012, more than in all but a handful of states. http://247wallst.com/special-report/2014/03/07/ten-states-with-the-most-fraud-complaints/2/

*****