Loan Fraud

lgmlgm2000

Hi,

I wonder if anyone can help?

If a loan company has given out a loan in your name, when it was actually fraud (only thing correct was my name and address)

Then they start sending you letters saying i have not paid etc? (police are sorting it out by the way)

Can i do anything against the loan company as i dont think they have done any checks etc? Is a loan company required to perform proper checks? There is no trace on my credit report etc. And also the person commiting the fraud did 20+ loans in peoples names across the local area, so this company couldnt of done any checks whatsoever!!

Thanks

Rafter

If you can demonstrate that the loan wasn't paid into an account that you control and that you didn't sign the credit agreement then there is no way you can be legally pursued for the debt. However, the loan company will still try to collect on the loan until the fraud has been proven.

You can report the loan company for harrassment if they are being unreasonable, but can't see how you can take any action against them.

R.

nomoneytoday

Exactly what do you want them to say or do?

lgmlgm2000

Well the police are dealing with the loan company (all 20+ cases) and the loan status is 'on hold' - but they still seem to be sending me letters asking for money and telling me how much the amount is going up by.

The person who comitted the fraud has confessed to all the people he applied for loans under etc.

I just cant beleive that a loan company would give out all them loans without any checks at all? All that was correct on the application was name and address.

I thought loan companys had to do checks in order to be 'legal' as such?
Isnt there some sort of rules?

Wutang_2

lgmlgm2000 wrote: »

Well the police are dealing with the loan company (all 20+ cases) and the loan status is 'on hold' - but they still seem to be sending me letters asking for money and telling me how much the amount is going up by.

The person who comitted the fraud has confessed to all the people he applied for loans under etc.

I just cant beleive that a loan company would give out all them loans without any checks at all? All that was correct on the application was name and address.

I thought loan companys had to do checks in order to be 'legal' as such?
Isnt there some sort of rules?

I would imagine the fraudster did more then just give name and address and then banked the cash...

lgmlgm2000

Yes he gave more info but it was all made up. All he had about me that was correct was my name and address.

jonesMUFCforever

lgmlgm2000 wrote: »

Yes he gave more info but it was all made up. All he had about me that was correct was my name and address.

How do you know that?

PNPSUKNET

Having read several posts tonight, wonder if it is a troll outing today?

[Deleted User]

PNPSUKNET wrote: »

Having read several posts tonight, wonder if it is a troll outing today?

isnt it everyday?
its always amazes me that of all the forums on mse this one seems to get the most one off new posters.