are police interested in someone taking a loan out in my name?

James

Snooze wrote: »

This will never happen imho.

The idea might seem (quote/unquote) "simple and low-tech" but the reality is very different. The costs involved just for the thumb recognition equipment alone will be prohibitive.

You'll never beat the fraudsters, period. They said that Chip & Pin would solve all the problems but look at it now - you can buy modifiied Chip & Pin pads off the net for £2000 if you know where to look. Plug it into the terminal at the local petrol station you work at and you're laughing.

Rob

Snooze, You don't need any hi-tech recognition system. That is the beauty of the system.

Snooze

James wrote: »

Snooze, You don't need any hi-tech recognition system. That is the beauty of the system.

Of course you do. What planet are you on? :rolleyes:

How do you get the print on the paper for a start? How do you get it off at the other end onto a database? You can't just pour some ink on your finger and make a dawb mark on a sheet of A4 and send it off, nor can you just stick said sheet of A4 through yer average scanner at the other end either. For this to work properly it requires police style finger printing machines which cost millions as the prints need to be of such quality that they can never be confused with anyone elses.

Your "plan" has more holes than the average cheese grater. :rolleyes:

Rob

James

Snooze.

My fault I should explain things in simple terms.

The system is primarily a deterrent.

You use the Credit Reference Databases to inform ALL lenders that no application should be accepted without a PRINT. (There is no need to check prints at this time, all that the applicant is doing is verifying their signature).

No print or failure to submit a print by the applicant should be and Indication & Warning to the lender that this is probably a fraudulent application, and the application should be rejected.


OK so a print is submitted on an application and credit etc granted. If this happens then the person whose ID has been stolen can prove they didn't submit the application and the police have forensic (the fraudsters print) to help them ID the perpetrator. (This is the only incidence that a print would every be checked).

Does the theory work:

Check this little lot out, whereby retailers used a similar system to deter card and cheque fraud.

Fraud reduced, fraudster Identified and caught, and genuine victims never held liable for the cost of fraud. (Click here).

Long time use: Not 1 Single Case of Fraud in 5 years. (Click here).

This system gives you the ability to protect yourselft by forcing crooks into leaving their mark if they dare steal your ID.

For another case of the system credited with catching a Cheque Fraudster (Click here).

You have a choice if you wish to use this FREE to enroll in system or not.

Q? How do you get the print on the paper for a start.

A. At this moment in time if you wish to submit an application you will need an Inkless Thumbprint Pad which produces a perfect print and leaves no mess on your fingers. These cost around £5 and produce up to 1000 prints and lasts for years. US Banks have been using them since the late 90's to deter cheque fraud.

Snooze

Right. And that will work for a approximately 2 minutes until the fraudsters realise you can buy custom made latex finger prints off the net for a couple of hundred quid.

I agree that it will deter your average "chancer" but that's all. Cardholder not present transactions will be unaffected and considering the amount of people that buy stuff off the net these days, that's a lot of folks.


Rob

James

Snooze wrote: »

Right. And that will work for a approximately 2 minutes until the fraudsters realise you can buy custom made latex finger prints off the net for a couple of hundred quid.

I agree that it will deter your average "chancer" but that's all. Cardholder not present transactions will be unaffected and considering the amount of people that buy stuff off the net these days, that's a lot of folks.


Rob

Card issuers could easily offer cardholders this facility to protect themselves while purchasing goods in a CNP Scenario.

As the Notice of Correction is used to inform Lenders & Banks that the applicant Thumbprints to acquire a card, there is no reason why the Magsrip & Chip should contain the same information (if the cardhodler so wishes).

Here's how this system would work in a CNP environment:

Cardholder orders goods on the Net or by Phone etc.

Retailer whilst checking the CVV (3 fig number) and Card details would be informed that the cardholder signed and PRINTED at point of delivery of the goods.

Bet this would scare off a good few chancers.

Where this woudnlt work would be to pay for online products, movies, betting etc. Nor would it prevent money disappearing out of accounts into accounts of bogus traders or others. This though would be all about Visa/Mastercard/Banks etc knowing their customers.

Lesjohnson

Funny i have two letters dated the same day and date. I have been a victim too but its in my name at my address.
Payday uk are crap they told me the account didnt exist
They never return my calls
They have issued baylifs who wrote today nearly a year later than the origional letters
The baylifs have referred back to paydayuk stating they have hundreds of these a day!!!!!!
Beware
Please someone tell me what I can do to get this account closed and all this ended?

BUSTER1506 wrote: »

I felt I had to respond to this thread as I only came on here to see if anyone had, had the same problem as me. Last week two letters turned up at my old house(we still own it so some mail still gets through ) from a company called Payday loans saying I had defaulted on a loan due for payment 29/2/08.
Firstly I had no idea what this was about.
Second had only found out a few weeks before that these companies even existed, when we started to be bombarded by Emails and Phone calls for an employee who had taken out these loans and defaulted on them?? This person had aqccess to a lot of financial info both company and personal so you can see what our immediate thought is. (she no longer works for us by the way)
I was told by PaydayUK to report it to the police and get a crime number which I did giving names etc, I was told i would be contacted the next day by the police fraud team. I rang Payday back and gave them the said number and again was told I would be contacted by payday fraud team WHO ALWAYS GO AFTER THE FRAUDSTERS YE!!!!
I waited a couple of days and when I heard nothing I rang both Payday and the police to be told by both of them they didn,t know who told me someone would contact me as as far as they are concerned the crime is against Payday not me!! ISN'T HAVING YOUR IDENTITY STOLEN A CRIME THEN??
When I can understand this on the one hand but what if this person does it
again with other companies,I have now looked on the internet and am appalled how many of them there are.
But it gets worse I spoke to Payday again yesterday and they confirmed that they know who the money was paid too AND confirmed that the names etc don't match!! They know who got the money because apparently it was a different name and address, WHY WOULD THEY GIVE A LOAN IN ONE NAME AND PAY IT IN TO A COMPLETELY DIFFERENT ACCOUNT NAME ETC,but the name given for the bank account for collecting the payments a HSBC account in my name, it said in the letter that the account didn't exist I used to have a HSBC account but closed it down about 2 years ago. The person at payday wouldn't tell me where the money was paid and to who although he did say they knew who it was 'data protection' etc,blah blah great so the fraudster is protected but I'm not! I did manage to get out of him that who ever it was lived near by I am convinced that the reason the police pass the buck like this is it keeps crime numbers down if not recorded as a crime against me just another statistic not added to the list which makes them look good all round, and I am left investigating this myself. Sorry for the rant but reading the responses just made me so mad no one seems interested I have worked extremely hard for years to keep my credit rating spot on even in hard times and can't believe the police are prepared to wash there hands of this when they could easily follow it up with information from payday surely they are allowed to get around this data protection rubbish?

redpete

1 - Start a new thread rather than resurrect one that is 3 years old.

2 - Check you records with the credit reference agencies in the UK to see what debts or other details are recorded against your name.

3 - Contact the lenders (if there are any) that are on those records to let them know that the loans were taken out fraudulently.

4 - If you are certain, let the lenders know the contact details of the culprits.

5 - Ask the culprits if they know anything about the debts that are against your name that were taken out by someone else.