Loan Problems!

dealer_wins

sourcrates wrote: »

OP,

just be careful what info you share on this forum, as some people can smell blood now, and the Sharks appear to be gathering sensing a free feed !!!!

Supporting fraud hey?

sourcrates

dealer_wins wrote: »

Supporting fraud hey?

Whatever happened to innocent until proved guilty ?

I'll say no more now.

Karonher

sourcrates wrote: »

Whatever happened to innocent until proved guilty ?

I'll say no more now.

The OP admits they gave the wrong information.

The amount does make it unlikely anything will happen especially if a DMP is being set up.

sourcrates

Karonher wrote: »

The OP admits they gave the wrong information.

The amount does make it unlikely anything will happen especially if a DMP is being set up.

And I've seen payday loan lenders websites with pre-filled income amounts already pre-selected.

I have no sympathy for them, they used the system to there advantage and made millions on the backs of people like the OP.

And would of carried on doing so had the FSA not stepped in.

Who is the real fraudster here ???

Karonher, your usually middle of the road, how come your giving the OP. Such a hard time ?

Karonher

[QUOTE

Karonher, your usually middle of the road, how come your giving the OP. Such a hard time ?[/QUOTE]

I don't see how you come to the conclusion I am giving them a hard time. My first post was a comment that the call handler had given the OP the right information.

My second answer is more answering your point about innocent until proved guilty as the OP did say they gave a false figure. The second part is echoing that nothing is likely to be done over the amount especially as there is a DMP.

I think fraud is wrong whoever commits it.

January2015

It doesn't sound like it was a case of fraud to me. Rather (I think) it was someone panicking and stressing about money and getting it wrong on an application form

The OP states they incorrectly stated their existing credit commitments. Creditors can and should carry out credit searches to check existing credit commitments. The creditor had the option of doing this and declining the loan - which, if they had done their job properly is probably what would have happened. Seems to me there may be fault/error on both sides, but personally I think the creditor is more at fault than the OP here as under the Office of Fair Trading Irresponsible Lending Guide it is the lender’s responsibility to ensure that their affordability assessments are as accurate and robust as possible. Big fail in this instance.

milky1991

I don't normally comment on the forum post but this OP has in no way committed fraud

To commit fraud you need men's rea which is
the intention or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action or conduct of the accused.
"a mistaken belief in consent meant that the defendant lacked mens re

In other words if the mind wasn't acting guilty there is no crime.
Also there need to be a financial gain for the fraudster, if the OP is paying back the loan, no financial gain= no fraud.