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  • FIRST POST
    • Star_girl90
    • By Star_girl90 6th Dec 17, 3:12 PM
    • 2Posts
    • 0Thanks
    Star_girl90
    Tesco Loan- accepted then declined
    • #1
    • 6th Dec 17, 3:12 PM
    Tesco Loan- accepted then declined 6th Dec 17 at 3:12 PM
    Hello I am just after some advice about whether this is normal or not

    I applied online for a Tesco Loan on Sunday, got accepted and awaited the paperwork.

    Today I received two letters from Tesco Bank. One is the relevant documents I need to sign and return to agree to the terms of the loan and for it to go ahead. The other is a letter saying my application for a loan has not been accepted Which one is it!!?

    I rang them and they confirmed i hadn't been accepted and that they did checks after sending out the acceptance letter which is why I received both.

    Is this normal~? I just fully assumed it was all fine and sorted when I saw the paperwork so seeing the second letter was a shock. Why would they accept like that then do further checks? Surely they should have done them prior to accepting


    Edit to add, MSE gave me 95% chance of getting the loan that's why I went with Tesco
    Last edited by Star_girl90; 06-12-2017 at 3:13 PM. Reason: More info
Page 1
    • zx81
    • By zx81 6th Dec 17, 3:13 PM
    • 14,371 Posts
    • 15,146 Thanks
    zx81
    • #2
    • 6th Dec 17, 3:13 PM
    • #2
    • 6th Dec 17, 3:13 PM
    It happens...
    • iolanthe07
    • By iolanthe07 7th Dec 17, 9:32 AM
    • 4,923 Posts
    • 4,636 Thanks
    iolanthe07
    • #3
    • 7th Dec 17, 9:32 AM
    • #3
    • 7th Dec 17, 9:32 AM
    It seems bad business practice, but probably within their terms and conditions. Two separate departments not talking to each other.
    I used to think that good grammar is important, but now I know that good wine is importanter.
    • robber2
    • By robber2 7th Dec 17, 11:39 AM
    • 283 Posts
    • 229 Thanks
    robber2
    • #4
    • 7th Dec 17, 11:39 AM
    • #4
    • 7th Dec 17, 11:39 AM


    Edit to add, MSE gave me 95% chance of getting the loan that's why I went with Tesco
    Originally posted by Star_girl90
    Doesn't make MSE wrong as such, you are obviously one of the 5%.

    Rob
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