Fraud against me - Help please

Firsttimebuyer321

Evening,

I have been a serial snooper on Mse for a long time but this is my first post so please be kind.

I am currently in the process of getting things sorted to buy my first house with my fianc!e but I have a negative mark against my credit file so I have a few questions regarding this.

First of all the negative mark against me is an almost unbelievable story but here goes;

Back in 2010 just when I turned 19 my mother took out a loan in my name without me knowing - when confronted about this I was told that I would be homeless if she didn't do it and that she promised it would all be paid on time and correctly. I of course know that what she did was illegal but due to fear of being made homeless and the fact she is m mother I didn't take it any further.

This loan was taken with doorstep lender "Greenwoods" and I did ask about it and was told it was all paid off. Then in early 2013 when I started to take notice about what a credit score was ect I checked experian and there it was - account was still open but seriously behind on payments. Looks like she was paying a few quid here and there with no regularity. I called them the same day and paid the remaining balance and now no longer even speak to my mother through this.

The account is marked as settled and has been since that month in 2013 when I paid this.

Now to the questions regarding this ;

1. Just how much will 1 badly run but settled account from 3 years ago affect me getting credit/mortgage?

2. Is there anything I can do to have this removed from my file or a note added explaining circumstances?

I am so sorry for the long post but I am just looking for some guidance regarding this as I genuinely have nobody who can help or advise me on matters like this. It just really annoys me that despite everything else being perfect that this is hanging onto my record.

Any help will be greatly appreciated.

Regards,

Jack

Marktheshark

The fraud is against the lender who failed to make correct checks as to who was filling in the application.

forgotmyname

1. Ask your motgage provider.

2. You should have reported your mum for fraud. It could have been removed from your file. Without some evidence then it may just a story you made up.

Firsttimebuyer321

The issue with my mum is all over with and although I no longer speak to her reporting this to the police is not something I could have done at the time as I would have had nowhere to live - she was all I had.

I don't have a mortgage provider as of yet and I just want to make sure everything is in the best shape possible before applying.

Hence why I am here asking questions.

Which still remain.

How big of an affect does 1 bad settled account have.

The latter question being can anything be done now to amend?

Could I write to them maybe to outline circumstances and ask that as a goodwill gesture it be removed ?

I just don't want to waste my time applying for a mortgage I won't get if this is going to affect me massively.

Thanks for the quick replies aswell.

Jack

Marktheshark

It can not be removed and admitting assisting an offender wont go down to well if the police do become involved.

You have two choices, wait for it to become statute barred or report the identity fraud.

Superscrooge

A settled account is always better than a default and there have been some previous posts where mortgages have been obtained with a similar credit history to yours.

You might need to speak to a mortgage consultant who would be able to help you find which lenders would be willing to give you a mortgage.

The account was settled three years ago and with each passing year it will have less effect.
In another three years it will drop off your credit file completely.

Best of luck with any credit applications!

Firsttimebuyer321

Well thanks for all of your replies - looks like I will have to go down the route of a mortgage advisor and possibly have to wait another 3years.

The stupid thing about it is I probably reset the timer by paying it off in 2013.

Damned if you do and damned if you don't sadly.

Lesson learned I guess.

Regards,

Jack

[Deleted User]

Firsttimebuyer321 wrote: »

The stupid thing about it is I probably reset the timer by paying it off in 2013.

Assuming you'd already defaulted, no you didn't.

fermi

1. Even defaults over 3 years old have significant less effect, so this will diminish with time, while this doesn't sound like it's been defaulted.

Broker who deals in less that prime cases could still be needed, but it's not as if you have multiple defaults, CCJs, etc.

2. Not worth the bother.

Marktheshark wrote: »

You have two choices, wait for it to become statute barred or report the identity fraud.

It's paid off, so statute barred issue is utterly irrelevant.

fermi

Firsttimebuyer321 wrote: »

Well thanks for all of your replies - looks like I will have to go down the route of a mortgage advisor and possibly have to wait another 3years.

The stupid thing about it is I probably reset the timer by paying it off in 2013.

If it was defaulted on your reports D/8 rather than just arrears then no you didn't, as the account and history drops off 6 years from the initial default date no matter what.

If it was just arrears (1,2,3... 6 months late etc) being recorded, then it's all removed 6 years from the settlement date. Even then, you won't have extended it, because if it had not been defaulted and not settled then it would have stayed indefinitely. A least by settling you have set a time for it to come off.

[Deleted User]

As you said, Greenwoods are a doorstep lender. How did your mum pretend to be you?