If you’ve been a victim of identity impersonation or credit fraud, your credit score might have taken a hit. Improving your credit score in these situation involves taking many of the steps on this page.
When you check your credit file, keep an eye out for a ‘Victim of impersonation’ notice. This marker is provided by Cifas, a not-for-profit fraud prevention service.
Cifas markers are put on credit files by lenders in cases where they believe there has been an attempt at fraud by people mis-using a loan applicant’s identity. Lenders are legally obliged to report such concerns.
Having a Cifas marker on your file serves as a warning to future lenders that you’ve been a victim, or are vulnerable to becoming a victim, of fraud.
The marker will stay on your file for 13 months.
The good news is that having a Cifas marker doesn’t affect your credit score and doesn’t stop you from taking out credit. But it may create problems if you’re applying for credit that is processed automatically, such as store finance. This is because a lender would have to carry out a ‘manual review’ of your file (by a human and not a computer) to understand why the marker has been added.