A Toronto man got a shock this month when he received a letter stating he owed over $18,000.
Edward Mendonca, who does not have an account with the financial institution that sent the letter, was “devastated” to find that he was a victim of identity fraud.
After learning a fraudster had taken out two loans — worth $6,648 and $12,176 — in his name without his knowledge, he told CTV News that he “wouldn’t be able to pay that money back.”
Mendonca, who had been saving to be a first-time home buyer, was distraught. “It’s affecting my credit score,” he said. “I’m trying to get this resolved.”
Here’s what happened — and how you can protect yourself from similar scams.
