Money laundering and fraud

thegentleway

Hi,

I signed up and invested a bit of money in RateSetter last week and 6 anti-money laundering credit checks over two days have appeared on my credit file!? I've sent them an e-mail to complain about this but is there anything else I should do to?

I've also received a letter saying welcome to O2, saying I've bought a new 24 month iPhone contract. I rang them up immediately and they said their fraud team would investigate. Again, am I supposed to do anything else?

Bit concerned this is going to have a negative impact on my credit report!

Thanks for the help.

[Deleted User]

Nothing to complain about re the money laundering checks. That's a requirement of financial services.

Stay on top of the O2 contract and make sure it does not report to your three files.

thegentleway

Deleted_User wrote: »

Nothing to complain about re the money laundering checks. That's a requirement of financial services.

Stay on top of the O2 contract and make sure it does not report to your three files.

So there's no limit to how many money laundering checks they can do? My credit score has gone down by a 1/3 as a result!

My 3 files are presumably Noddle, Experian and Equifax? I only use Noddle at the moment, surely they are the same?

[Deleted User]

Don't worry. You don't have a credit score. It's a made up number that isn't seen or used by lenders, and doesn't reflect your credit worthiness. It should rise again as we move into the colder winter months. They dont like the heat.

The money laundering checks are also not visible to others.

Your credit files won't the same, as different lenders report to different CRAs.