Irresponsible lending

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. 

Comments

  • TonyMMM
    TonyMMM Posts: 3,368
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    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
    Hasbeen Posts: 4,404
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    edited 26 November 2020 at 3:20PM
    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.
    The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon
  • [Deleted User]
    [Deleted User] Posts: 35,242
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    edited 26 November 2020 at 2:34PM
    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
    brettcta Posts: 4,693
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    As above, you’d do well to let sleeping dogs lie. Nothing good will come of prodding that particular beehive.
    helpful tips
    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)
  • dunstonh
    dunstonh Posts: 115,663
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    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).

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • John_
    John_ Posts: 925
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    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?
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