Be Alert for Fraudsters

Be Alert for Fraudsters

We understand that a number of retailers with credit facilities/store cards are experiencing an increase in fraudulent accounts being setup. We have been told that fraudsters are reviewing data that is available at Companies House to make these applications as home addresses and dates of birth can be found in old data at Companies House in respect of Directors. Current information does not generally show the home address, where a service address is used nor the date of birth, but if you go back far enough it is sometimes available from the records. You may wish to consider using a service address if you are not already doing so.

Given this increase in fraudulent applications we would advise that you sign up to one of the credit checking services, some of which are free and they will generally alert you to changes in your credit record, which should alert you to fraudulent application.

Click to visit Experian website

Click to visit Credit Karma website

In addition CIFAS is an organisation that prevents fraud and they offer a protective registration (at a charge), which means financial institutions are obliged to go through extra hurdles to open facilities and applications are therefore less likely to be fraudulent. This does however, slow down application processes as additional checks are required, which could be an inconvenience to you.

Click to visit Cifas website

We are not recommending any of these services specifically, but making you aware of this issue that is becoming more prevalent.

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Please contact Haslers to find out more.

Be Alert for Fraudsters
Be Alert for Fraudsters

Be Alert for Fraudsters

Haslers are leading accountants and business advisers led by 10 Partners and supported by a team of professional and support staff.

Our firm delivers a broad selection of services to help clients, including: accounting, audit and assurance, business planning, corporate finance, HR consultancy, insolvency, payroll, tax and VAT.  We are accountants with a real desire to do things differently.