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Irresponsible lending
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I lied on my payday application when I said I was employed when I was unemployed, I covered this in my other thread.
Even though I lied the lender agreed to waive the remaining balance and remove any negative entries on my credit file.
Point being lying on payday application forms about employment does not automatically mean you will be guilty of fraud or have a marker put on your credit file, It entirely depends on the circumstances of the individual applicant.
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That's true.
But remember your credit files aren't where you would see any markers applied.0 -
satsuma888 said:Point being lying on payday application forms about employment does not automatically mean you will be guilty of fraud
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MinuteNoodles said:satsuma888 said:Point being lying on payday application forms about employment does not automatically mean you will be guilty of fraud
Being guilty of fraud means there would be real life consequences.
You cannot be guilty of fraud just because someone on the internet has said you are.0 -
You made a fraudulent application - that is not semantics. There's no ifs or buts on that.6
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normanna said:You made a fraudulent application - that is not semantics. There's no ifs or buts on that.
By the letter of the law I am not guilty of anything.
Thats a fact.0 -
satsuma888 said:I lied on my payday application when I said I was employed when I was unemployed, I covered this in my other thread.
Even though I lied the lender agreed to waive the remaining balance and remove any negative entries on my credit file.
Point being lying on payday application forms about employment does not automatically mean you will be guilty of fraud or have a marker put on your credit file, It entirely depends on the circumstances of the individual applicant.
Committing fraud and "getting away with it" by no way greenlights fraud without consequence.
Your payday lender was, and still is, entitled to register a CIFAS Cat 4 marker against you, even if they agreed they lend irresponsibly.2 -
satsuma888 said:normanna said:You made a fraudulent application - that is not semantics. There's no ifs or buts on that.
By the letter of the law I am not guilty of anything.
Thats a fact.4 -
satsuma888 said:normanna said:You made a fraudulent application - that is not semantics. There's no ifs or buts on that.
By the letter of the law I am not guilty of anything.
Thats a fact.
https://www.nhunter.co.uk/
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satsuma888 said:That is just semantics.
Being guilty of fraud means there would be real life consequences.
You cannot be guilty of fraud just because someone on the internet has said you are.Fraud by false representation (Section 2)
The defendant:
- made a false representation
- dishonestly
- knowing that the representation was or might be untrue or misleading
- with intent to make a gain for himself or another, to cause loss to another or to expose another to risk of loss.
The offence is entirely focused on the conduct of the defendant.
It isn't just semantics, the City of London Police don't see it as semantics. They prosecute people who have lied on mortgage and loan applications if they're reported by the lender.So yes you committed a criminal offence, one punishable by up to 10 years in prison, that's the real life consequence.By all means put in a claim for irresponsible lending stating you'd lied on your application form about your income and it's their fault for lending you the money based on their lies but don't be surprised if the end result of that is a man in a uniform knocking on your door and reading you your rights.2
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