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  • FIRST POST
    • Jonathan675
    • By Jonathan675 17th Jul 17, 4:30 PM
    • 5Posts
    • 0Thanks
    Jonathan675
    CIFAS marker on my name for first party fraud
    • #1
    • 17th Jul 17, 4:30 PM
    CIFAS marker on my name for first party fraud 17th Jul 17 at 4:30 PM
    Barcalys have put a CIFAS marker on my name for first party fraud.

    It all started with lending my friend money here and there. After a few months I needed the money back, so my friend transferred me the money which was £300 into my account.

    After a few days my online banking stopped working, I popped into the branch and they told me the money you recieved was fraudlent money, and my account will be closed because of that. I tried explaining what happened and that I literally didn't have a clue the money was fraudlent. But they was simply not interested.

    After a few weeks I recieved my bank statement and it says 'account closing on 24th July 2017'.

    So I thought no problems I'll take my business elsewhere, but every single bank I applied for, rejected me giving me hints about a CIFAS marker on my name for fraud.

    Now, I don't understand why have I been called the fraudster? I recieved money that was owed to me and I cashed it out. I don't know how or where my friend got the money from, all I know is that I recieved my money and thats the end of it.

    I have my student loan coming in real soon and I'm stuck without a bank to put the student loan into. I'm planning on dropping out my degree that's starting real soon because I won't have the money for resources.

    I've requested a SAR from CIFAS and should be here in a few days.

    How do I go about removing this CIFAS marker. It has really put my life on hold, as I literally cannot do anything without a bank account e.g. car insurance, bills, wages and contracts.

    Will I have a good chance of getting this CIFAS marker removed? I'm starting to have sleepless nights just thinking about this CIFAS marker on my name.
Page 2
    • Sparx
    • By Sparx 8th Sep 17, 10:17 PM
    • 764 Posts
    • 413 Thanks
    Sparx
    No CIFAS markers last 6 years - like everything else in the credit report world.
    • boo_star
    • By boo_star 8th Sep 17, 10:27 PM
    • 1,317 Posts
    • 667 Thanks
    boo_star
    A CIFAS warning on your account is essentially the Financial Kiss of death you'll find anything you apply for that does even a soft credit search will automatically be declined.

    Only Barclays can get it removed and you can't deal directly with CIFAS. There also dosent appear to be any sort of appeal or ombudsman oversight for CIFAS or atleast there wasn't when i dealt with them ten years ago

    IT should drop off after a year
    Originally posted by lord tyrannus
    CIFAS say 6 years.

    https://www.cifas.org.uk/contact-us/subject-access-request

    Cifas ‘first party fraud’ warnings remain in place for six years from the date of submission. Please note Cifas ‘first party fraud’ warnings will not appear on credit reports.
    • starM
    • By starM 8th Sep 17, 11:12 PM
    • 1,302 Posts
    • 176 Thanks
    starM
    I think best will be to Complaint to Barclays first. If Barclays turned down your complaint then you can contact CIFAS and raise a complaint with them.

    Barclays will need to provide strong evidence to say why they think CIFAS marker should remain.
    • lord tyrannus
    • By lord tyrannus 9th Sep 17, 11:54 PM
    • 83 Posts
    • 44 Thanks
    lord tyrannus
    No CIFAS markers last 6 years - like everything else in the credit report world.
    Originally posted by Sparx

    Use to be one year as the one I had dropped off after that period. That was over ten years ago and was slightly different to the OP in that I'd omitted a previous address from a current account application. Which in the banks eyes was "fraudulent"

    Anyway if it does stay on for six years he's pretty screwed
    • BONBONIZER
    • By BONBONIZER 12th Oct 17, 12:39 PM
    • 1 Posts
    • 0 Thanks
    BONBONIZER
    Appeal with the bank
    I called their fraud department when it happened to me and you have a right to appeal.

    Then I proved there was no fraud its all my money.

    check out an article by thisismoney dot co dot uk at the bottom you can contact this is money they would be be interested in your story as the last issue they dealt with was on 17th august 2017 which is recent. The bank had to revert their decision and apologise

    Have you had an account closed unfairly?
    you can contact lee . boyce at thisismoney dot co dot uk or google the below string

    "
    The mysterious case of Barclays closing down a customer's three accounts after she reported a 'strange' payment she'd received"


    hope this helps
    • Shakin Steve
    • By Shakin Steve 12th Oct 17, 1:28 PM
    • 1,056 Posts
    • 766 Thanks
    Shakin Steve
    I called their fraud department when it happened to me and you have a right to appeal.

    Then I proved there was no fraud its all my money.

    check out an article by thisismoney dot co dot uk at the bottom you can contact this is money they would be be interested in your story as the last issue they dealt with was on 17th august 2017 which is recent. The bank had to revert their decision and apologise

    Have you had an account closed unfairly?
    you can contact lee . boyce at thisismoney dot co dot uk or google the below string

    "
    The mysterious case of Barclays closing down a customer's three accounts after she reported a 'strange' payment she'd received"


    hope this helps
    Originally posted by BONBONIZER
    http://www.thisismoney.co.uk/money/saving/article-4792672/Barclays-closed-accounts-suspected-fraud.html
    I came into this world with nothing and I've got most of it left.
    • sheila50
    • By sheila50 12th Oct 17, 10:24 PM
    • 26 Posts
    • 19 Thanks
    sheila50
    It's all puzzling, why a bank will say you have acted fraudulently and not give you a voice.

    whilst you are trying to prove your innocents you can try your local authority to see if they have any Credit Unions in your area. or you can look into Prepayment Cards. I am not sure whether either of these require credit checks or work on the same criteria as banks.

    Also you can call the credit agency where the mark has been placed and ask them to put a note of explanation on your account so that anyone checking it will know you are trying to prove your innocence
    Last edited by sheila50; 12-10-2017 at 10:30 PM.
    • nyermen
    • By nyermen 13th Oct 17, 2:42 PM
    • 129 Posts
    • 107 Thanks
    nyermen
    Also you can call the credit agency where the mark has been placed and ask them to put a note of explanation on your account so that anyone checking it will know you are trying to prove your innocence
    This is CIFAS, not one of the individual credit agencies. I'm not aware you can make a notice of correction for cifas, you'd have to try and do it with all the credit agencies who may be reporting the cifas markers as part of the data. And I doubt that would help.
    OP - Follow the advice above - and bear in mind that it's possible that they also appear on rental checks (though there are threads debating where this is truly the case); if so you may even have issues with future tenancies as well. It's very unlikely you'll be able to open another bank account, as far as I know all mainstream financial institutions check cifas, as the law requires fraud checks.
    Peter

    Debt free - finally finished paying off £20k + Interest.
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