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London leads UK for credit card fraud
London has come top in the UK as the region that encounters the greatest amount of credit card fraud, in a new survey.
Some 367,335 cases were encountered in the last five years – more than double the amount experienced in the Midlands, according to InsureandGo.
The amount stolen on cards ranged to upwards of £4,000, highlighting the need for vigilance and card security.
Perry Wilson, a spokesperson for InsureandGo, commented: "As our research shows, holiday card fraud is a massive problem and is continuing to get worse.
"It has become more common for people to have their cards or details stolen, or money stolen or skimmed from their accounts."
The news follows research from CPP suggesting that people spend an average of 15 per cent of their annual salary on credit card purchases.
Consumers struggling to meet their credit card repayments and with outstanding debts to numerous creditors may wish to take out a
debt consolidation loan.
Created on 04/06/2007 17:18:27
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