Soft Fraud Law and Legal Definition
Soft fraud refers to a type of fraud in which a true individual manipulates or enters fraudulent information in the credit applications for the purpose of approval. Soft fraud is a classification of insurance fraud and it is often called opportunistic fraud. Soft fraud involves activities such as claiming more damage than was really done to a car in collusion, or misrepresentation of previous or existing conditions for the purpose of obtaining a new insurance policy with lower premium.
