Debt and fraud?

Question

If an individual has been given credit numerous times with store cards, credit cards etc but has been untruthful on the applications in terms of past employment, what is the likelihood that they would be charged with fraud should they file for bankruptcy (in the UK)? and what is the maximum term for this kind of offence?

Answer 1

You sign to say that the information you have given is true! To sign when the information is not true is a criminal offence - makes no difference which part of the information you gave is incorrect. I do not know what the current maximum term is but I would suggest that they would definitely be charged with fraud. The CPS works in the way that the easiest proven cases will be taken to court - and if you signed and lied, you don't have much of a case, do you? However, I suspect that the credit/store card companies would be more interested in how much you owe them and how much you can offer to pay. I wouldn't advise filing for bankruptcy - but contact the card companies concerned - taking people to court isn't good for them any more than it is good for the person concerned. There are companies around that claim if your debt is over £10,000 you can get it written off - but beware - if you own property I suspect that they would take that first. Speak to the CAB - they probably have the right answers.

Answer 2

Not likely since the the credit is checked against your credit file, there is not anything that you can lie about that cannot be checked. Secondly if there was a hypothetical case, the creditor would not waste time and expense on essentially peanuts fraud (in the scale of their financial operations) however, you may be penalised by the high court if you have been found to be reckless bankrupt which will increase you discharge time considerably depending on circumstances.

Answer 3

I don't know what the punishment would be but yes the credit companies do have the right to charge the person with fraud as this person has knowingly given false information to gain credit.

Answer 4

I don't believe that the court would have a lot of interest in the fact that the money was obtained under false pretences, more in the fact that it cant be repaid. It would be pointless for the company to take you to court as they will not be able to claim costs, and it will cost them to pursue you.

Go to the Citizens Advice Bureau. They are trained in this and will be able to tell you for sure. They can also put you in touch with an independent (and free) dept management company that can try to get you out of debt without the need for bankruptcy.

Good Luck xxx

Answer 5

If the call isn't an identical as yours, it is not any longer your debt you need to continually attempt calling them to assert that you gained a letter at your position and wanted to inform them that there is not any individual with the call listed on the letter residing at your address. do no longer supply your call - in case your call is John Doe and it develop into addressed to John Doh, merely say there is not any John Doh (and spell the call) residing on the address

Answer 6

if someone wants to get out of debt today it is pretty easy with a debt consolidation plan
however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is:

http://umgarticles.atspace.com/debt-consolidation.htm

Answer 7

non sense if they are not truthful they won't get any credit and a s for fraud its 5 years prison

Answer 8

very unlikely that they will even check, i know i've done it numerous times and look where it has got me today. all the best from big tony, her majestys prison durham.

Answer 9

debt....