Irresponsible lending

[Deleted User]

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. 

TonyMMM

I would leave well alone - you would be admitting to fraud, they will say they did the proper checks based on the fraudulent information you intentionally gave them. Not something you probably want to do.

Hasbeen

So you now want to pay the money back due to your irresponsible fraudulent borrowing? Perhaps not. But looking for money gained by fraudulent information, LOL

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.

[Deleted User]

It wasn't irresponsible lending, It was a fraudulent application.

Are you sure you want to put your hands up to that now?   A CIFAS marker can make life really difficult for years.

brettcta

As above, you’d do well to let sleeping dogs lie. Nothing good will come of prodding that particular beehive.

dunstonh

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.

It is also fraud to lie on an application.      You gave your DOB. They believed you. 

 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. 

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).

John_

What is it that you want to do here, pay back what you owe, apologise for exposing them to risk that they were not willing to take, and maybe offer them compensation?