Given Loan On False Pretenses....HELP!!!

scousebleu

...

I was told before taking out a loan that this company who deals with them where loan sharks...

Anyway was wondering if anybody can help, Im 22 and have been in out of jobs since i was 16 and was going on holiday last year to america and was running out of time to pay for the holiday/spends at the time i was working on a 13 week contract (no guarantee of a job after it) so foned up this bank and basically walked in and walked out with 3 grand :beer: unsecured which had to be payed back of 3 years £132 pm... im beginning to wonder if i should have been given this loan at all and is there anything i can do about it but because im getting hassled to death of them and cannot afford to pay as im not working now and gettin threatened with legal action.... im soo confused i basically didn't pay attention to anything

mrmajika

What were the false pretences?

It sounds to me that you were fully aware of what you were doing.

scousebleu

Dont you have to be in full time work?

esuhl

You've been unemployed for six years and went on a holiday to the USA?! Now you're effectively saying "I'm not responsible enough to be lent money, so the company shouldn't have lent it to me. I did ask them to do this, but I can't be trusted so it's their fault."

All you can do is call the company, explain that you can't afford to pay them back and see if you can negotiate affordable repayment terms.

scousebleu

Excatly what Im saying !!!!





Ah well looks like im screwed then....

andy_hunk

Have to agree with others on this one mate and you have to accept half the blame for this for being so nieve in thinking the banks give a !!!! who they get into debt regardless of wether they think you have the credibility to repay.

inmypocketnottheirs

mrmajika wrote: »

What were the false pretences?

It sounds to me that you were fully aware of what you were doing.

I'd say the OP secured the loan under false pretenses!

Beyond remarkable ain't it!?!?

asandwhen

Get a job and take responsibility for your actions!

At least it was only £3K - you have screwed your credit history up for a very very very long time for the sake of £130 a month (£32.50 a week) - If I owed this I would do anything I could to make sure I paid it back even if it meant cleaning toilets for 3 years - £130 is not alot of money to earn each month - get off your lazy ar** and work.

Rabiddog_2

I am fully able to get rid of this loAn for you.. and to get the people off your back. SImply sign up for my debt mgmt plan which will cost you approx £172 per month for the next three years.

Not everyone who's unemployed is a lazy !!!! tho