CIFAS category 6 marker please help!!!
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Here is a case of a Money Mule aged 17 with a CIFAS marker.
https://www.bbc.co.uk/news/business-438976140 -
Has this affected my credit score or is my credit score still okay but there is a marker on my name?
Check your report with 1 of the credit agencies but ignore the score.Will I be able to drive by my birthday next year?
Will you be able to drive, well who knows, if you have the money then yes as you can buy the car in cash, if you need to borrow the money then you might be unlucky with only being 18. The cifas marker stays for a year.0 -
I would be really surprised if OP genuinely had nothing to do with what occurred.urs sinserly,
~~joosy jeezus~~0 -
Update: I am still awaiting a response from Cifas, another question is will this affect me from going on holiday around Christmas time?0
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What has a CIFAS marker got to do with driving or having a holiday?0
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TadleyBaggie wrote: »What has a CIFAS marker got to do with driving or having a holiday?0
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Sweet one love you guy!!!8252;!!!65039;0
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Check your report with 1 of the credit agencies but ignore the score.
Will you be able to drive, well who knows, if you have the money then yes as you can buy the car in cash, if you need to borrow the money then you might be unlucky with only being 18.
The cifas marker stays for a year.
I think CIFAS markers changed to being valid for 6 years some time ago.0 -
its_all_over wrote: »I think CIFAS markers changed to being valid for 6 years some time ago.
Thanks I knew that but no idea what I was thinking when I made the reply.0 -
MovingForwards wrote: »There is no credit score, that is just a bit of fun offered by the credit reference companies.
I always find that a little misleading.
You are right in that don't have a single credit score, but every single company that looks at your credit history gives you a defacto score which you never see. They each have slightly different ways of scoring you, which the credit reference companies try to give an overall indication of in their scores.
This might be what you're indicating when you're saying that it's "just a bit of fun", but they don't do it for fun. They do it because it actually helps, saying it's "just a bit of fun" doesn't help.JuicyJesus wrote: »I would be really surprised if OP genuinely had nothing to do with what occurred.
Whether this is one of those "someone paid me money to use my account and told me to report the card stolen a few months later and now I have a CIFAS marker because the bank won't believe my lies", or whether the card was lost along with a phone that contained the PIN, the bank has come to the view that the OP has facilitated fraud which may have cost them a lot of money.
I would read the T&C carefully because not reporting the card missing and storing the card pin code on your mobile phone will probably be in violation of the T&C of the account.
It's a hard lesson. The worse thing is that the person laundering the money is unlikely to get caught and will keep doing it.0
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