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To the OP - Keep an eye on BOTH credit reference agencies (Experian & Equifax). Financial institutions should update both agencies as to accounts & their activity but that doesn't always happen.
Also keep in mind that it can take up to 3 months for the credit file to be updated so if the account was only opened a month ago it prob won't be on there yet & nor will any searches that will have been done.
Good luck.
So whats the difference in you withdrawing the money, and them confiscating the money?
Either way, who ever put it in their in the first place is 10k down and is going to be at your door with pick axe handles and a can of unleaded.
I would rather that happen whilst being 10k better off, you could use it to get a shotgun and a licence ready for the visit.
DezB - Member
I reckon the bank know more than they are letting on.We have received your First Payment ??
How do they know it's the first? of a number? Payment? For what?
Close the account. They can't pay any more into it then.
Fair point - if it was a straight deposit account wouldn't you expect them to talk about a [b]deposit[/b] rather than [b]payment[/b]?
[i]It does all seem very peculiar (and a bit scary). I have all of the paperwork in front of me now - including the pre-paid return envelope for returning the signed document to.[/i]
So the documents to set up the account haven't been sent back to the bank yet someone can still make payments into said account?
If he's reported this and the police and bank are involved (as they should be) they're not exactly going to let the OP withdraw the 10k are they?! If nothing else it's probably classed as evidence (despite being numbers on a screen), if he withdraws it he could well be implicating himself.
I'd be more afraid of bankers trying to make me liable for any losses they might incur than I would be of blokes in donkey jackets wielding pick axes.
That's a very good point, payment could also indicate whoever made the payment is expecting it back at some point, with interest?if it was a straight deposit account wouldn't you expect them to talk about a deposit rather than payment?
Not really, if I send money to someone online from my bank account I click on 'payments' to do it.
Anyway I would have thought the bank could very easily tell you excatly where the money came from. But now that you've reported it as fraud and its not your account then I don't think they'll tell you now.
bigsi
To the OP - Keep an eye on BOTH credit reference agencies (Experian & Equifax)
Do they hold separate sets of information then? I didn't realise that.
<wanders off to Experian>
True enough. I think I need to step away from the thread before I turn into a paranoid Miss Marple. I suppose I could always do some work.
Blimin eck, I think a few people on STW watch it bit too much telly. 😆
<comes running back from Experian, screaming>
Right then, just got back from Experian and there was an identity search performed on me by Tesco the day before they sent the first letter. Nothing else though.
freddyg - There shouldn't be but on occasion there is, as you have just found out. 🙁
You should be able to set up accounts with both to keep an eye on what's going on. You can also mark your credit files with notes IIRC although lenders won't look at this as part of the credit score.
I would check both agencies on a weekly basis at least to see what is going on.
It might be worth speaking to both agencies to see if there is any way an alert can be set up so if a search is carried out you are notified or the lender carrying out the search is warned.
Hopefully this will stop any more accounts being taken out without your knowledge.
Again. Good luck.
Cheers bigsi. I'm drafting a mail now.
Update: Following a chat with the CID friend of mine, he pointed me at the Fraud dept and the local rural office.
I had a lovely e-mail from them who told me ... "In July this year the government announced changes to how Fraud was dealt with by setting up Action Fraud which is a national Fraud reporting agency. The contact number for them is 0300 1232040 they take the details from you and give you a reference number which you in turn give to Tesco. Tesco Bank have their own internal Fraud Investigators who liaise with the Police in which ever area of the country the evidence indicates that the offence took place. [b]Tesco Bank is the aggrieved party in this matter as they are the party who have been deceived.[/b]
However it may be prudent for you to do a credit check on yourself to see if anything untoward appears that you have no knowledge of. I hope I have explained things clearly if you have any other concerns please re-contact us and I will endeavour to assist you further."
Ah. Okay. That's alright then. Thanks.
I've replied along the lines of "but they know where we live!"
[i]I've replied along the lines of "but they know where we live!"[/i]
So what do you want, 24 hour protection?
If this is criminal activity, and I highly doubt it is, then I think whoever has done it would be fairly aware that they may lose £10k.
Are you sure you aren't up to some sort of nefarious activities while sleep walking?
send it to me. I'll sit on it in my account for 'safe keeping' and I'll split the interest / capital with you in 5 years 😉
I am very heavy...so heavies don't bother me 😆
If this is criminal activity, [i]and I highly doubt it is[/i]
... so you think it is perfectly kosha to use the identity of someone else to open an account and deposit £10k into it? Cool. That's alright then 😀
So what do you want, 24 hour protection?
Not really, as I know it is not practical or possible. However, I would have preferred some reassurance rather than flippant dismissal.
We may move in different circles GaryM, but this is something I am not at all familiar or comfortable with.
I am not asking for sympathy or a cuddle; I posted this for comment/discussion and maybe as a warning to others.
any update?