en-us http://backend.userland.com/rss Your Friends @ Myvesta.org.uk (stever@myvesta.org) myvestaukblog_archive.html stever@myvesta.org 114349211621688210 Extracts from the Myvesta Forum...

Question...

Hello I just wanted to ask some one about a CIFAS warnings I have a debt up to £40,000 because I lost my credit cards along with my pin munber and someone has used my cards. I have not sure what to do because I am a student I there is no way I can afford you pay back the money that I didnt spend but the banks are blameing me because I lost pin my biggest mistake and I they are saying that they are going to blacklist name for life and I will never get credit again. is this true? and can the banks can blacklist my for name for fraud for life? please someone reply

Answer...

enders who issue plastic cards which have PIN numbers go to great lengths to cut down on the possibity of fraud caused by the cards and PINs being lost together. In the literature they send you they specificaly ask you not to write down a note of your PIN and tell you never to keep a note of it in the same bag as your card. If you do not do this they consider you to be negligent and as such liable to any debt that is run up on the card should you lose it and the PIN before they can put a stop on the card.
CIFAS is an anti fraud organisation supported by the main high street lenders. As such they have rules and regulations and your bank should be able to give you exact details of what information has been put on your credit file and how long it will stay on your file. You may still be able to get credit but it will down to each creditor how they look at what has happened and if they cosider you a good risk. You can also get a copy of your credit file by applying to the credit referrence agencies ( Equifax, Experian and Callcredit) .
_________________
Best regards

Len

http://www.myvesta.org.uk