Loan fraud investigation

Exodi

Herzlos wrote: »

It's possible it's been cloned, though it seems odd to have taken out a loan and withdrawn it rather than just using the card to buy lots of small value items. Could anyone you know have had access to it? Know anyone who suddenly had money? They'd need a lot of information to get the loan and use the card.

And I can't see people that are cloning cards a) not spending any other money in the account b) having the details needed to apply for a loan c) repaying it!

It's an inside job for sure.

phillw

Exodi wrote: »

I'm not sure why they wouldn't take it out in their own name?

Maybe they had a CIFAS marker due to committing fraud and were unable to obtain credit?

Tripletwine wrote: »

My question is Should the lender not have details of the card ( including card holders name) they have taken payments from. Or they only store the card number , expiry date etc without the card holders name ? Answers very much appreciated

I imagine they have a data protection act issue giving out those details. My credit card company wouldn't tell me any of the details of the person that the police caught with my cloned card, although that was partly because they were still trying to convince me that I should pay for the transactions. I only found out someone had been caught because when I got put through to the fraud department I asked to speak to someone about fraudulent use of a card in the name of ..... and they thought I was from the police. I didn't realise that until they asked me my name later in the call and then they got flustered.

This is one of those times when you'd hope the police would investigate using every tool available to them. The cameras built into ATM's, ANPR, mobile phones connected to the cell tower at the time etc. For £1000 it's probably not going to happen.