Set your own T&Cs on your File.

Tarambor wrote: »

But how do they know it was your fingerprint and someone didn't just read the article and make an application in your name and use their fingerprint or that of some random person? And surely as the whole idea is to prevent fraudulent applications then how does verifying it after the fact do anything to address this?

The banks are under no obligation to take notice of your terms and conditions. By applying you are agreeing to adhere to theirs, not the other way around.

A bank has to take note of any notices of correction on a credit file. This is what the OP is referring to, the thumbprint thing is completely irrelevant.

JuicyJesus wrote: »

They have to take note of them but they also don't have to consider any random conditions put into them to be a binding contract or follow directions they contain. A contract necessarily has to be agreed to by both parties to be valid, and a NOC doesn't form any kind of modification to any other contract because the bank won't have agreed to it. Otherwise I could have a NOC saying "JuicyJesus is only to borrow money at an interest rate of -1,000,000% simple monthly interest" and be very very rich after I apply for a Vanquis card.

This is why the OP's idea is stupid. So far it seems to boil down to "order a paper application form and apply using that" - the thumbprint and NOC is completely irrelevant and means nothing other than that he's got a dirty thumb. Despite what he says it hasn't actually prevented any fraud and nobody has actually agreed to these "T&Cs" he keeps banging on about, which means they're pointless.

Yep, it's pretty much one uneducated and not thought out a bunch of populist toot.

First thumb imprint like that is 100% meaningless as verification medium. It cannot be verified despite what CSI may make you believe an ink-print of thumb on paper is unlikely to, ever, give a conclusive result unless it was taken by a professional (it takes actual training to do right).

Second, the only reason fingerprint works on your phone are because it collects a lot more data than just the print AND the software verifying it is also in full and direct control of the hardware. Without going into too much detail that little button on new iPhones collects your print, and data that is based on the level of sweat of your finger, temperature, amount of pressure and a lot of other fun bits (and that is part of your touch ID profile). Simple fingerprint readers which do not do the above are not a security measure at all but a gimmick. And imprinted thumb in ink done by an untrained person is as useless.

And then even if you collect this data, once you start sending it over the internet you open yourself to all sort of fake hardware/data and stolen thumbprints that will be impossible to tell from the fakes and can be collected on a large scale. Unlike signatures, which take actual time to fake every single time.

Similarly, anything you put in your NOC is not a binding contract. And while all financial services contract have a point that state that this document and its attachment stand entirety of the agreement, this is not needed as your notice was never a contract in the first place.

Here is how much stock FOS put in demands/conditions placed in notices of correction: http://www.ombudsman-decisions.org.uk/viewPDF.aspx?FileID=158846

Hint - one bank complied, the rest ignored it, FOS didn't really think much had happened that was wrong.

JuicyJesus wrote: »

Here is how much stock FOS put in demands/conditions placed in notices of correction: http://www.ombudsman-decisions.org.uk/viewPDF.aspx?FileID=158846

Hint - one bank complied, the rest ignored it, FOS didn't really think much had happened that was wrong.

I think Mr S is barking up the wrong tree.

He should have complained to (and about) the companies that appear to have disregarded his NOC.

Experian recorded it on his credit file and there's nothing to indicate they haven't made it available to companies who should be given it.