Loan Shark?

bamitscon
bamitscon Posts: 13 Forumite
in Loans
So my friend sent me through £17.50, i clicked it and the "Reference" says "Loan Shark" is this bad? do i need to do something or not? ive been doing some research and it says how Loan Shark is bad etc etc, but will i be affected?
«1

Comments

  • forgotmyname
    forgotmyname Posts: 32,549 Forumite
    First Anniversary Name Dropper First Post
    Dont worry you can take your friend to court and win £1,000,000,000 in compensation.
    Censorship Reigns Supreme in Troll City...

  • bamitscon
    bamitscon Posts: 13 Forumite
    Nah honestly, give me a legit reply please lol
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    First Anniversary Photogenic Name Dropper First Post
    The reference he puts is irrelevant.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    First Anniversary Name Dropper First Post Photogenic
    You can type anything in the reference, up to (IIRC 18 characters).
    Your friend could have put "pornography" , "sexual favours" or "gullible person"
  • HappyHarry
    HappyHarry Posts: 1,576 Forumite
    First Anniversary Name Dropper First Post
    bamitscon wrote: »
    So my friend sent me through £17.50, i clicked it and the "Reference" says "Loan Shark" is this bad? do i need to do something or not? ive been doing some research and it says how Loan Shark is bad etc etc, but will i be affected?

    It won't have any impact on you at all.

    If you had taken out a payday loan, then that could affect how future lenders might view you. However, that payday loan would be shown on your credit reports, which is where lenders will get their information from.

    The reference "Loan Shark" on an incoming payment to your account will not be reported on your credit files.

    That is quite funny though.
    I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.
  • nomoneytoday
    nomoneytoday Posts: 4,866 Forumite
    First Post First Anniversary Combo Breaker
    I once lent a mate of mine £50 and put the reference in as "frilly knickers" ;)
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Name Dropper First Post First Anniversary
    I volunteer in a place which helps people with benefit claims.
    Had a very nice lady come in wanting help - looking through her statement her boyfriend had sent her some money with the reference 'Thanks for the great sex'.
  • Clive_Woody
    Clive_Woody Posts: 5,852 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Your Experian score will go down to 997 which could potentially be catastrophic...

    Invest in gold and start stocking up on tinned goods ready for the apocalypse.
    "We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    Needing to borrow £17.50 is a bit worrying, especially at your age!!
  • Richey_
    Richey_ Posts: 334 Forumite
    The last time I sent a friend money from a split meal I gave it the reference anal bleaching
    Unfortunately anal bleaching refund wouldnt fit :(
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.1K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.2K Work, Benefits & Business
  • 607.9K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards