Loan / Gambling / irresponsible Lending (and me)

xlnc99

IT could be FRAUD if he openly admits that he has lied or it could be that he made mistakes on an application form. Happens all the time

soolin

xlnc99 wrote: »

IT could be FRAUD if he openly admits that he has lied or it could be that he made mistakes on an application form. Happens all the time

Unfortunately the OP has deleted their Original post, but in that he did openly admit to making fraudulent claims on his applications. Claims that , if followed up, are likely to be obvious to anyone that investigates were more than accidental.

OP was also honest enough to admit that at the time he made the applications he knew his statements to be false, but carried on regardless as he was desperate to obtain the money.

xlnc99

I see, i did not see the original post when i saw this thread as the information was not there. That is a bit silly of him to admit it on an openly public forum. Whether it holds any weight in the future thought i am not sure as its an open forum and unlikely to be used against him for a number of reasons.

adindas

xlnc99 wrote: »

I was reading the FOS case studies in regards to inaccurate information on application forms and how lenders try and scare you by saying you committed fraud etc.

soolin wrote: »

Unfortunately the OP has deleted their Original post, but in that he did openly admit to making fraudulent claims on his applications. Claims that , if followed up, are likely to be obvious to anyone that investigates were more than accidental.

OP was also honest enough to admit that at the time he made the applications he knew his statements to be false, but carried on regardless as he was desperate to obtain the money.

I wonder when come to making fraudulent application many people claim to have made mistakes. Are people applying for credit here overwhelmingly have dementia or the like ??
You are more likely to make mistake in writing the number of zero on the cheques rather than making mistakes in response to the query the purpose of the loan "gambling" vs "home improvement" especially if you are a gambler.

But surprisingly when come to writing a cheque there are not a lot of stories people making that mistakes. It is very interesting that illness has suddenly disappeared when come to writing a cheque or put money on gambling (the op case). lol ...

This might be a breakthrough for the cure of dementia, make a fraudulent application and then do gambling your dementia will suddenly disappear.

Niv

You mean this 'deleted' post?


https://webcache.googleusercontent.com/search?q=cache:xB6lFVVNkl4J:https://forums.moneysavingexpert.com/showthread.php%3Ft%3D6039969+&cd=8&hl=en&ct=clnk&gl=uk

boo_star

xlnc99 wrote: »

The example of the front door being left unlocked to this just doesnt make any sense. Apples and Oranges. AS i said before it could be the OP make a mistake on two on the application form rather then lying. It happens all the time, when people are in a panic, stressed out and have to finish an online form in a timely manner. This is not uncommon

It is the LENDERS duty to check the form to verify the details as MISTAKES can happen. What is so hard to understand about that?

But it's not their duty, if it was they'd be doing it and everyone would have to jump through the same sort of hoops they need to with a mortgage application.

They're not required (and nor is it likely to be feasible) to scrutinise loan applications to the extent that you seem to believe they should be.

tdraper

Interestingly there are plenty of examples of the ombudsman finding In favour of gamblers and irresponsible lending. It is the companies responsibility to do througiugh checks including bank statements and outgoings a wage check is not sufficient to show that a person is worthy In paying a loan back