Cameron: Credit firms to root out benefit cheats

dipsydoodle

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Tue Aug-10-10 04:31 AM
Original message

Cameron: Credit firms to root out benefit cheats

Source: BBC News

Credit ratings firms could be used to crack down on the £5.2bn annual cost of benefit cheats and overpayments, David Cameron is to announce.

One firm, Experian, said it was in talks with ministers over a deal which could see it paid according to the number of cheats it uncovers.

Credit rating firms monitor people's spending patterns on household bills and credit card spending.

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"Welfare and tax credit fraud and error costs the taxpayer £5.2bn a year. That's the cost of more than 200 secondary schools or over 150,000 nurses.

Read more: http://www.bbc.co.uk/news/uk-10922261

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hobbit709

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Tue Aug-10-10 04:37 AM
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1. Meanwhile the big boys are laughing all the way to the bank.

They tried this in TX a few years back. The state spent well over $5 million to put in a computer system to track welfare fraud because as we all know the poor are such crooks. In the first year of operation, they found about a dozen people that defrauded them about $11,000.

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dipsydoodle

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Tue Aug-10-10 04:48 AM
Response to Reply #1

2. This doesn't require a "system"

Simple payment by results aka commission.

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hobbit709

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Tue Aug-10-10 05:03 AM
Response to Reply #2

3. Considering the accuracy rate Experian has.

and the fact that they have been in cahoots with collection agencies here about false information in credit reports, I wouldn't trust this one bit. If they get a commission for every one they find, how many will they find to increase their net?

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