URGENT HELP, Cifas marker

@bruddabro

yo, did the same thing a few years ago.

firstly dont ever do something like this again or consider doing it

secondly, do not attempt to reapply to any other banks as they do hard credit searches on your account and it will damage your score and if they decide to do an investigation into this it could lead to criminal charges

thirdly, what you can do is set up an online account, which don’t do credit searches eg. Monzo, Sterling, N26

they will be able to hold your money and act as a bank for you. There are no physical branches for online banks.

it wont necessarily affect your uni loans as the money can be transferred into your online account.

i wish i had some advice like this when i first got the CIFAS marker so count yourself lucky i’m able to give you this advice. You can stop stressing lol

@bruddabro Hi. I'm currently working on a BBC 3 Documentary about this and would love to talk to people about their experiences. If you're happy to could you drop an email to obe@bigdealfilms.com and we can try to set up a call? Also please feel free to look up Big Deal Films online. Many thanks Obe

@bruddabro I’m looking to see if you have the answer to this question yet? I had an active monzo at the time I stupidly done the same kind of thing as you. Anyway both my high street bank and monzo got closed and now I’m marked I have tried to open a few banks since, now seeing your replies, YIKES! Like you I don’t want attention to me.
I am truly struggling to get any sort of bank account and I have no idea what to do !! Please if anyone has any advice , Thanks!!

@bruddabro did you manage to sort this out? Im genuinely in the same position but the amount isn’t as big as 2k. They haven’t closed my account yet as they’re still investigating but reading through online and seeing how this has affected many people is scaring me

Posted by: @bruddabro

I done some fraud with a friend to get some quick money (around £2000 pounds, STUPID I KNOW.
The bank found out and closed my account and I don't think I had any money left and I didn't have my card so I didn't end up going to close it myself when they sent me a letter to come and collect. I was too scared and ashamed to go.

I regretted it so much and tried to forget it and so a few months later I wanted to start over I went to open a new account with 2 other banks and they both rejected me and one told me to contact CIFAS. I couldn't bring myself to do it so I'm still trying to forget it.
I was so stressed I lost a chunk of weight and didn’t sleep or eat well last month. My dad wants to be giving me money for my piano lessons but I’m insisting on cash. I can not tell him. I literally can't. I don’t want to get hurt. I don’t know what to do now and I have so many questions.

Will this affect me going to college? Getting a job in college? My uni with loans and benefits? will this affect my credit score? I know the mark stays for 6 years and waiting sounds a whole lot better than telling my parents (yes its that bad) I can’t get it reversed because they put it there rightfully so for me there’s no point. I want another account with a card but I doubt I’ll receive one.

(P.S I have a savings account in my parent's name so will that do? If it gets transferred to me when I'm 18 will they cancel it?)

its nice

@jeremyclarkson

how does this answer his questions in any way bro?

@jeremyclarkson sounds good

@bruddabro

it doesn’t raise suspicions millions of people bank with online banks daily its a banking preference and if that were the case i would’ve got rejected from uni ages ago 

@sameer-2

Once you open an online bank account, you can pretty much do everything you've asked (pay for insurance, get a job, etc). Only thing you'll find tricky is getting a loan.

Once the ban is over, I'm pretty sure you're gonna have bad credit, so yeah you'll most likely need to build your credit up once your ban is over

And where did you check your "file"? With CIFAS? Or elsewhere? (Before ombudsman)

@sameer-2 hi I was wondering if u ended up getting access to student loans and stuff and if u could please help me with this by giving me some advice

@sameer-2

I'm not sure where you got the impression that you can't make annual payments from an online bank. Online banks like monzo etc give you debit cards. This means you can pay for anything annually as long as you have the correct amount of money in the account.

@munashe hi I was wondering if u ended up getting help as I'm the same situation and would like some advice