Irresponsible lending
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This is probably in the wrong category so apologies. I am after some information, so I recently reclaimed ppi from shop direct, marvellous received a lovely cheque and I’m so grateful. Anyway it says on it that ppi was added to my account in 2008 well in 2008 I was just 16... I know when I opened the account I was 16 I used my name, address, and just changed my birth year not an ideal thing to do but I was a 16 year old from a poor background that wanted things my peers had. So now I’m thinking surely that is irresponsible lending, shop direct obviously didn’t do the proper checks to then give me a £500 credit limit. I remember I incurred a large amount of charges because obviously I was still at school so had no income to pay that back. When I moved house I got locked out of the account so to speak and when I tried to verify it wouldn’t work cause I couldn’t remember the year of birth I used. It has now been updated and all details have been correct for the last 7 years but clearly the ppi claim etc is still on record so there is evidence of it. Anyone ever been in this situation would really appreciate some advice. Do I have to document how it’s impacted me or just state I want them to look into it as it was irresponsible lending.
Many thanks in advance for any help.
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Yes. Go for it OP. You have perhaps not matured over the years since 16 yrs old? by asking this? but be prepared to reap the consequences.
Are you sure you want to put your hands up to that now? A CIFAS marker can make life really difficult for years.
it's spelt d-e-f-i-n-i-t-e-l-y
there - 'in or at that place'
their - 'owned by them'
they're - 'they are'
it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)
It is also fraud to lie on an application. You gave your DOB. They believed you.
You would be admitting fraud in the process and that would allow them to add a CIFAS marker to your file. Effectively preventing you from getting credit again for a very long time. Not just mortgages and loans but also mobile phone contracts, monthly premiums on car insurance too in some cases. Some employers will require you to have a clean file as well. A fraud marker could lead to you being sacked (indeed, there was a thread recently from someone in that exact position).