Counterfeit notes victim-credit score effect?

Legacy_user

Good afternoon,

Today I realised that I have been a victim of fraud by someone who gave me counterfeit notes after I sold a mobile phone. The transaction unfortunately was with cash. That happened yesterday. Today as I was in the counter of my bank to deposit the money...they informed me that the notes where fake and they kept all of them and they gave me a receipt of retention for counterfeit notes with the details. They told that I have no consequences as I didn't know about it and it is obvious because if I knew I wouldn't hand it in the bank and they would sent the fake notes to Bank of England for further examination. Will this be recorded on my credit score? Do I have any consequences?Should I do something about it ?

Ebe_Scrooge

No, this won't have any effect on your credit history. The only consequence to you, unfortunately, is that you're out of pocket. Should you do something about it ? Well, you could contact the purchaser and ask them to give you some proper money instead. But to be honest, the chances of them agreeing lie somewhere between zero and zilch. Either they knew the notes were dodgy, in which case I'd be surprised if they even replied to you. Or, they were an innocent victim, and believed the notes to be genuine - in which case, they gave them to you in good faith. Either way, I'm afraid you're going to have to chalk this one up to experience.

Similar questions come up fairly regularly on the motoring forum - "What should I do if the purchaser wants to pay in cash ?" The safest way is for them to accompany you to the bank, you pay the cash in over the counter, and you don't hand over the goods until the bank has confirmed the cash is kosher. Sorry to be the bearer of bad tidings

System

Ebe_Scrooge wrote: »

No, this won't have any effect on your credit history. The only consequence to you, unfortunately, is that you're out of pocket. Should you do something about it ? Well, you could contact the purchaser and ask them to give you some proper money instead. But to be honest, the chances of them agreeing lie somewhere between zero and zilch. Either they knew the notes were dodgy, in which case I'd be surprised if they even replied to you. Or, they were an innocent victim, and believed the notes to be genuine - in which case, they gave them to you in good faith. Either way, I'm afraid you're going to have to chalk this one up to experience.

Similar questions come up fairly regularly on the motoring forum - "What should I do if the purchaser wants to pay in cash ?" The safest way is for them to accompany you to the bank, you pay the cash in over the counter, and you don't hand over the goods until the bank has confirmed the cash is kosher. Sorry to be the bearer of bad tidings

I know mate....it's already registered to my experience....thanks for the quick response! I appreciate that as it was expected the person who gave me the money cannot be reached right now...their phone is blocked! Anyway ...I have to accept it and go on! Thank you

Ben8282

It is correct that your credit files will not be affected.
There is unlikely to be any comeback on you unless the amount of money was significant and either the bank believes you to be complicit in this attempted fraud or, for some reason, the police become involved.

System

Ben8282 wrote: »

It is correct that your credit files will not be affected.
There is unlikely to be any comeback on you unless the amount of money was significant and either the bank believes you to be complicit in this attempted fraud or, for some reason, the police become involved.

The amount was 540£... Unfortunately...do you think I will have problem?

matttye

mariosn wrote: »

The amount was 540£... Unfortunately...do you think I will have problem?

Impossible to say but if the police want to speak to you make sure you ask for a solicitor.

System

matttye wrote: »

Impossible to say but if the police want to speak to you make sure you ask for a solicitor.

Then should I go to the police and report it before they contact me ?

DCFC79

Why would it affect the your credit [STRIKE]score[/STRIKE] history ?

Ito in the name, credit histories are affected by items that involve credit eg loans, mortgages.

DCFC79

mariosn wrote: »

The amount was 540£... Unfortunately...do you think I will have problem?

It's up to you, did the bank ask to inform the police ?

It might be a good idea to inform them of it, maybe they have had other reports of the same person.

System

DCFC79 wrote: »

Why would it affect the your credit [STRIKE]score[/STRIKE] history ?

Ito in the name, credit histories are affected by items that involve credit eg loans, mortgages.

Because they wrote my details on a paper( retention of counterfeit notes as it is called) and they will handed it in to Bank of England to destroy they fake notes...

System

DCFC79 wrote: »

It's up to you, did the bank ask to inform the police ?

It might be a good idea to inform them of it, maybe they have had other reports of the same person.

I asked them if I have any consequences and they said no...but if I want to I could report it to the police...