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People are becoming so desperate to find ways of handling their adverse debts that they are willing to commit fraud – if your debts are driving you to think of crime, you have to get help before you get yourself into too much trouble.

New research from LV= suggests that the number of people sustaining broken ankles from slipping on a pavement, whiplash from a car accident and post-traumatic stress has sky rocketed since the onset of the recession. While it may be that plenty of those claiming for injuries are real, it beggars belief that the increase and the recession are just coincidence.

LV= says the indebted now more likely to turn to insurance fraud in order to sort out their financial woes and most solicitors questioned by the mutual say that companies specialising in personal injury claims advertising a ‘no win, no fee’ offer are tempting people to make fake, or exaggerated, claims.

If you are struggling, don't risk more fines or even a jail sentence. Talk to a professional about how to handle your debt in a sensible and legal fashion. It might mean trying to get hold of legitimate credit, it might mean just rearranging your finances or it might mean something more drastic. But whatever you do, and whatever the solution may be, get real legal financial help because insurance fraud never pays.

SOURCE: LV=, 14/04/10

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