Loan which doesn't exist?

Mal991

Hi All,

My boyfriend received a letter from a debt collection company saying that he owes over £3000 to Sygma Bank since 2013. He registered on Experian and long story short - his mother (bad credit loan lover) took out this loan adding my boyfriend as a joint applicant without letting him know (probably faking his signature but won't admit it). She said she is repaying it but we just don't want this to keep appearing on his credit file until she pays it back. He doesn't want to go to solicitor or anything as he doesn't want her to be in trouble.

Is there anything he can do to clear if off his credit file?

Really embarrassing I know, but you can't choose parents..

nidO

No.

Either you report it as the fraud that it is to get it removed from his credit file in which case his mum risks a criminal investigation, or you live with it and are complicit in the fraud, which means accepting the fact that it shows on your boyfriend's credit report.

DCFC79

If he's not going to report it as fraud then I can't see anything he can do, he will just have to live with it.

zxspeccy

We had a lot of fraud at the bank I worked for relating to ATM encashments, this was normally committed by other family members. However we would not initiate any refunds until we had a crime reference number, and a signed authority from the account holder to liaise directly with the police. This resulted in a withdrawal of a lot of claims. Unfortunately you can't have it both ways, either report the fraud a deal with it through the legal channels or keep quiet and take the hit.