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  • FIRST POST
    • Big8bear
    • By Big8bear 13th Jan 18, 6:36 PM
    • 4Posts
    • 0Thanks
    Big8bear
    Reapplied by accident
    • #1
    • 13th Jan 18, 6:36 PM
    Reapplied by accident 13th Jan 18 at 6:36 PM
    Evening all, Iím new here so please be nice.

    I applied for a £50k loan at the end of November and got accepted , didnít activate the loan straight away thinking Iíd get Xmas out of the way before getting it so as to not make the first repayment on top of Xmas. I received 2 of 3 emails relating to the loan agreement but not the third.
    So today I applied for the same loan again and got declined! Is it because this first loan agreement is still active do you think? Canít speak to anyone at the loan department until Monday but the woman on the phone I spoke to at Halifax said she could see my first agreed application was still on my file.
    Have a made a huge error here and ruined my chances of getting the loan or do you think Iíll be able to resolve it?

    HELP.
Page 1
    • zx81
    • By zx81 13th Jan 18, 7:12 PM
    • 14,858 Posts
    • 15,685 Thanks
    zx81
    • #2
    • 13th Jan 18, 7:12 PM
    • #2
    • 13th Jan 18, 7:12 PM
    I would have imagined the first loan offer has expired. Did it have a timescale on it?

    The second one will have been declined either due to a) you having an approved loan or b) the recency of your last search, making an automatic decline.

    Call them on Monday.
    • Big8bear
    • By Big8bear 13th Jan 18, 7:25 PM
    • 4 Posts
    • 0 Thanks
    Big8bear
    • #3
    • 13th Jan 18, 7:25 PM
    • #3
    • 13th Jan 18, 7:25 PM
    Iím not sure if there was a timescale or not, it may well have said that on the third e mail but I didnít receive it, the third e mail must have include the agreement Ďbuttoní or whatever it may have been aswell. Iíll call them Monday, but Iím panicking now as we have big plans at home for the money.
    • jonesMUFCforever
    • By jonesMUFCforever 13th Jan 18, 7:33 PM
    • 24,363 Posts
    • 11,642 Thanks
    jonesMUFCforever
    • #4
    • 13th Jan 18, 7:33 PM
    • #4
    • 13th Jan 18, 7:33 PM
    Most loans I have ever applied for have had a 30 day drawdown limit.
    What goes around - comes around
    give lots and you will always receive lots
    • Big8bear
    • By Big8bear 13th Jan 18, 7:39 PM
    • 4 Posts
    • 0 Thanks
    Big8bear
    • #5
    • 13th Jan 18, 7:39 PM
    • #5
    • 13th Jan 18, 7:39 PM
    Does anyone know how long the loan approval would have been valid for? I was approved on 25/11
    • DCFC79
    • By DCFC79 13th Jan 18, 7:42 PM
    • 30,594 Posts
    • 19,350 Thanks
    DCFC79
    • #6
    • 13th Jan 18, 7:42 PM
    • #6
    • 13th Jan 18, 7:42 PM
    To get a more definitive answer speak to the lender on monday.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
    • Shakin Steve
    • By Shakin Steve 13th Jan 18, 9:49 PM
    • 1,198 Posts
    • 891 Thanks
    Shakin Steve
    • #7
    • 13th Jan 18, 9:49 PM
    • #7
    • 13th Jan 18, 9:49 PM
    £50K? As a personal loan? That’s a big ‘un.
    I came into this world with nothing and I've got most of it left.
    • Big8bear
    • By Big8bear 14th Jan 18, 9:12 AM
    • 4 Posts
    • 0 Thanks
    Big8bear
    • #8
    • 14th Jan 18, 9:12 AM
    • #8
    • 14th Jan 18, 9:12 AM
    Yep , it is a big one, thatís why Iím thinking the second loan was decline, if they think Iím applying for a total of £100k
    • Westie983
    • By Westie983 16th Jan 18, 5:33 PM
    • 3,883 Posts
    • 14,387 Thanks
    Westie983
    • #9
    • 16th Jan 18, 5:33 PM
    • #9
    • 16th Jan 18, 5:33 PM
    Expiry is normally 30 days cooling off, before the first payment is paid.

    I would assume if you applied in November its expired but will still show as a credit check on your file so could be the cause of the decline.

    As always with credit applications suggestions is to leave it at least 6 months between applications. You may need to wait till May and reapply.

    Give them a call to find out though cant hurt, and can put you at ease.

    Westie983
    Save 12k in 2018 #10 Total (£25,000)+£0.00/£12,000 = 0.0%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £0.00/£800 = 0.00% ( x 11)
    Xmas 2018 £1 a Day #2 Total £0.00/£365 = 0.0%
    Virtual Sealed Pot #1 Total £150.00/£1,000 = 15.00%
    £2 Savers Club 2018 #16 Total (£1,500)+-490/£2,000 = 50.50%

    Total £150.00/£16,165 = 0.92%

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