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I've been a home owner for 5 years and went into my bank yesterday to apply to re-mortgage my house after splitting from my partner. To my shock and horror I was refused any credit from my bank, they were unable to tell me the reasons why, but advised me to look on experion to see my credit file. The advisor in the bank was confused as my income is more than sufficient to cover the money I'm looking to raise, I've never missed any mortgage payments and never been in areas / overdraft. My rating with the bank is A1.
So I got home and loaded up my credit file to find I'm £15k in debt! £10k loan and £5k credit card!! Then it clicked, about 10/15 years ago I was young and naively let me uncle pay his wages into a bank account that I now never use, its still in my old address. I totally forgot about it. But somehow he's been able to run this debt up. Now I'm stuck in no mans land as I cant raise any funds to pay my partner off the mortgage. I spoke to my uncle and he's come clean, he knows he's got this debt and willing to hold his hands up and claim fraud. He's pretty much passing this account as his own, he gets his wages paid into it and his bills come out of it too, but its in my name. Can anyone advise where I stand legally.
If I go down the ID theft route will it put my current count that I use and my mortgage in jeopardy?
So I got home and loaded up my credit file to find I'm £15k in debt! £10k loan and £5k credit card!! Then it clicked, about 10/15 years ago I was young and naively let me uncle pay his wages into a bank account that I now never use, its still in my old address. I totally forgot about it. But somehow he's been able to run this debt up. Now I'm stuck in no mans land as I cant raise any funds to pay my partner off the mortgage. I spoke to my uncle and he's come clean, he knows he's got this debt and willing to hold his hands up and claim fraud. He's pretty much passing this account as his own, he gets his wages paid into it and his bills come out of it too, but its in my name. Can anyone advise where I stand legally.
If I go down the ID theft route will it put my current count that I use and my mortgage in jeopardy?
