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  • FIRST POST
    • itsnotarace
    • By itsnotarace 14th Oct 16, 9:28 PM
    • 24Posts
    • 10Thanks
    itsnotarace
    Fraudulent Loan Application
    • #1
    • 14th Oct 16, 9:28 PM
    Fraudulent Loan Application 14th Oct 16 at 9:28 PM
    My wife just got a loan agreement in to sign and return from Sainsbury's bank for a loan she never applied for. It has her name and our address on it, but the account number and sort code on the paperwork isn't hers.
    Obviously she has called Sainsbury's and reported this and they have stopped the application She also got paperwork on from Experian Credit Matcher the same day for an account she never set up (she's also reported it to Action Fraud and Experian)

    I don't get the end game of this though. Surely if someone used our address they had no chance of getting the money from the loan to their account if they needed the addressee to sign and return it. Or am i missing something?
    We live in a semi detached with storm doors, so there's little chance of intercepting our mail.

    Worryingly, we are applying for a mortgage at the moment and hope this hasn't messed anything up.
Page 1
    • boo_star
    • By boo_star 14th Oct 16, 9:36 PM
    • 1,112 Posts
    • 528 Thanks
    boo_star
    • #2
    • 14th Oct 16, 9:36 PM
    • #2
    • 14th Oct 16, 9:36 PM
    My wife just got a loan agreement in to sign and return from Sainsbury's bank for a loan she never applied for. It has her name and our address on it, but the account number and sort code on the paperwork isn't hers.
    Obviously she has called Sainsbury's and reported this and they have stopped the application She also got paperwork on from Experian Credit Matcher the same day for an account she never set up (she's also reported it to Action Fraud and Experian)

    I don't get the end game of this though. Surely if someone used our address they had no chance of getting the money from the loan to their account if they needed the addressee to sign and return it. Or am i missing something?
    We live in a semi detached with storm doors, so there's little chance of intercepting our mail.

    Worryingly, we are applying for a mortgage at the moment and hope this hasn't messed anything up.
    Originally posted by itsnotarace
    Some financial providers will provide loans without any paperwork being physically signed if everything stacks up and I believe "digital signatures" are now considered to be on an equal footing to physical signatures.

    I don't know if Sainsbury's do but I supposed it's nothing ventured, nothing gained?
    • Westminster
    • By Westminster 15th Oct 16, 8:31 AM
    • 522 Posts
    • 337 Thanks
    Westminster
    • #3
    • 15th Oct 16, 8:31 AM
    • #3
    • 15th Oct 16, 8:31 AM
    I believe you can pay for CIFAS to place a marker on your credit files. However I got mine for free.

    Sainsbury's should be offering to place a protective CIFAS fraud marker on your account (at their expense) - this is what Littlewoods did for me when I discovered a ID fraudulent account in my name.

    This means the computer will always say 'maybe' and all applications for credit have to be checked by a person - which should be enough to put the brakes on anything dodgy. It will slightly slow down any of your own applications but its a price worth paying and a mortgage would typically go to an underwriter anyway.
    • jonesMUFCforever
    • By jonesMUFCforever 15th Oct 16, 11:06 AM
    • 23,191 Posts
    • 10,541 Thanks
    jonesMUFCforever
    • #4
    • 15th Oct 16, 11:06 AM
    • #4
    • 15th Oct 16, 11:06 AM
    OP have you considered that the fraudelent application could be close to home - perhaps the person was hoping to intercept the mail?
    What goes around - comes around
    give lots and you will always receive lots
    • itsnotarace
    • By itsnotarace 15th Oct 16, 11:33 PM
    • 24 Posts
    • 10 Thanks
    itsnotarace
    • #5
    • 15th Oct 16, 11:33 PM
    • #5
    • 15th Oct 16, 11:33 PM
    The application couldn't be close to home. There's just the two of us in the house and any friends and family that come in we would trust 100%, and asides from that no one is at the house on a regular enough basis that they could possibly intercept the mail.

    We're going to speak to our mortgage advisor on Monday for some advice and keep chasing with Experian/Sainsburys.

    Thanks for the replies though.
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