pom
Member of DD Central
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Post by pom on May 25, 2016 17:28:33 GMT
To be fair, 9 times out of 10 I also fail the identification systems since I am a foreigner to the UK (IOM born & resident). I tend to have to keep a stack of quarterly certified copies to hand of utility bills & passport. Regards, Horse. Bloody foreigners, coming over here, taking all our money.... and giving us loads more back !
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james
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Post by james on May 27, 2016 9:25:11 GMT
I know I should pop down the library to have my info scanned etc. but I'm on a roll. ... If it is any help I have my Register number. You might ask whether photographs will do instead of scans, including as an example a clear photograph. There are two different things that the checks are looking for: proof of identity and proof of address. General rule is that the same document can't be used for both. Government-issued photo-ID is often preferred for proof of identity, something like a scan of a current passport. The passport has the advantage that the Home Office provides a checking service that will verify that a particular passport number is current. There are alternative checks that can be applied if the usual ones don't work, up to each firm what they will accept. It can include things like taking a statement from a care home owner that they know a particular resident is x in an example of the sort of thing that can be accepted as proof if identity when the resident doesn't have other suitable proof available. Some things that might sometimes be useful: 1. Electoral roll, can be checked by email or phone particularly if you supply your "number" on the roll. As government source this is particularly likely to be useful. 2. Call Credit, a major UK credit reference agency, operate a consumer checking service called Noddle. Someone could sign up for that and temporarily change the password so that a provider can take a look. UK providers would probably not benefit from this but non-UK ones may not have access to normal UK credit checks that also use credit reference agency data. Available here can be time at address and known addresses and time on electoral roll, confirmation of no fraud reports from the main UK fraud company CIFAS, showing that many accounts know you at a particular address and that they are in good standing. 3. Not safe to provide the password but remove viewing of a computer can be used to show that you can log in to your HMRC Personal tax Account that almost all of us have. As a central government system this ability to log in as the person can provide strong support of identity and also provides the address at which HMRC expects to communicate with you. 4. Some local government systems may provide online access to Council Tax records and ability to do that can help to support identity beyond just the bill. With many places wanting documents within three months of issue this is also potentially available well after the bills have been sent. Many more things have potential for use, these are just some that came to mind when a provider recently told me that they wouldn't let me withdraw money because my passport had expired. In that case none of this was needed, I simply asked them whether they thought my identity had changed, explained that I no longer had any current government-issued photo ID and why (never learned to drive, government doesn't issue national identity cards) and asked if something x would be useful to them to help to confirm identity. They then replied saying it was a normal system requirement but they had waived the requirement, asking me to upload a scan of my new passport whenever I got it. In this case they had already taken proof of ID when the passport was current so unless they had reason to believe I wasn't the same person there was little reason to change, And with the bank account still the same for years, no indication there of fraud. One nice thing about MoneyThing is that they have clearly been on the other side of this and can operate a pragmatic and thoroughly risk-based approach to the various proofs that might be offered. MoneyThing isn't particularly high risk for money laundering compared to some P2P because there is no facility to change the sale price, something that would allow transfer of value between accounts used for laundering via unrealistic premiums or discounts. For this reason places that allow this might do more monitoring of their secondary markets to identify such unrealistic transactions and apply particular scrutiny to any accounts involved.
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ton27
Member of DD Central
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Post by ton27 on May 27, 2016 10:51:30 GMT
I am considering lending on MT so am a potential "newbie" but also lend on other platforms so not a newbie to P2P.
Currently it is pretty difficult to invest largish sums of money on AC and SS which is why I am looking at MT. Is it possible to invest a five figure sum in a relatively short (say 1 month) period of time without spending all day in front of a PC?
Also how easy is it to perform your own basic DD on loans?
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investibod
Member of DD Central
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Post by investibod on May 27, 2016 10:56:18 GMT
I am considering lending on MT so am a potential "newbie" but also lend on other platforms so not a newbie to P2P. Currently it is pretty difficult to invest largish sums of money on AC and SS which is why I am looking at MT. Is it possible to invest a five figure sum in a relatively short (say 1 month) period of time without spending all day in front of a PC? Also how easy is it to perform your own basic DD on loans? There is enough available on the SM to invest it all today (if you do not mind lending it all to one borrower)
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archie
Posts: 1,838
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Post by archie on May 27, 2016 10:59:41 GMT
I am considering lending on MT so am a potential "newbie" but also lend on other platforms so not a newbie to P2P. Currently it is pretty difficult to invest largish sums of money on AC and SS which is why I am looking at MT. Is it possible to invest a five figure sum in a relatively short (say 1 month) period of time without spending all day in front of a PC? Also how easy is it to perform your own basic DD on loans? I've added three sites recently to my existing P2P investments. MT is currently my favourite of those I'd say it is easy to invest a five figure sum in a month. I'll leave the DD question to others.
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