asked for salary proof after being accepted for loan

Debt_Free_Chick

I may be wrong here, but you seem to be interested in finding a lender who will not ask you to prove your income, in order to get a loan. Is that right?

If you can tell us exactly what you're looking for, we may be able to help better. I took your original question to mean that you wanted us to tell you if we had been asked to prove our income when we took out a loan - if that's so, then you'll get a mixture of "yes" and "no" answers, but I'm not sure this is what you want.

Can you be more specific about what you need please? And try not to be rude about those who think they are trying to be helpful. It may not be what you want to hear, but could still be relevant information, nevertheless.

Regards

Rafter

By law, and to keep their operating licenses, banks have to underwrite their loans and make necessary checks about the credit worthiness of their customers.

Would you lend money to someone just on the strength of an application form when you know there are a lot of dishonest people out there or people who can't look after their finances properly?

For the most part banks can do these checks by looking for inconsistencies in applications, by checking public records and credit records etc.

I think all lenders have to verify income by asking for pay slips for at least some customers, although they don't do it all the time.

I have certainly had to prove income for mortgage applications and a large car loan, although never for credit card applications.

R.

dosser_2

im just trying to gain a better understanding of how these lenders operate-
the more i know, the better position i will be in as and when i need credit,
im sure im not the only one who feels this way!

sticking to the facts regarding your experiences is the best way of leaving your emotional baggage out of these threads, dont you think?

i think it patronising to impose morals when you have no understanding of anothers situation or background-

Debt_Free_Chick- ive insisted that posters stick to fact{experiences}, how does this equate to rudeness?!!

HGLTsuperstar

I think DFC's point was you seem somewhat evasive, defensive and hostile. You want people's experiences, which is fine, but experiences form opinions which are often just as or even more insightful. Also, in the spirit of the forum, there is give and take, i.e. give us a bit of your background then you will receive feedback which is more relevant and to the point for you.

lilac_lady

Getting back to Dosser's original query......Nationwide asked me to send 3 payslips to them and also called me at work. I bank with them but my salary doesn't go into a Nationwide account. I was a bit annoyed but went ahead as the interest rate with them was the best at the time. Although I applied via the internet I have banked with them for more than three years. I have an excellent credit history with no defaults (ever) so don't think that I'm a "borderline case". Anyone else been called at work?

---lee---

dosser wrote:

Debt_Free_Chick- ive insisted that posters stick to fact{experiences}, how does this equate to rudeness?!!

Your not in a position to ‘insist’ anything. You can ask nicely though and I’m sure you will get plenty of responses That’s the emotional baggage to one side, now for the response.

In my experience (not opinion) any lender that I have approached has always requested proof of income. From memory, this includes Barclays, Nationwide, Cheshire BS and a couple of car finance companies. That’s from the point of view of loans, mortgages etc.

I’ve never been asked to provide any evidence of income for credit cards.

---lee---

lilac_lady wrote:

Getting back to Dosser's original query......Nationwide asked me to send 3 payslips to them and also called me at work. I bank with them but my salary doesn't go into a Nationwide account. I was a bit annoyed but went ahead as the interest rate with them was the best at the time. Although I applied via the internet I have banked with them for more than three years. I have an excellent credit history with no defaults (ever) so don't think that I'm a "borderline case". Anyone else been called at work?

Yes, I had the same experience and had to provide payslips. Like you, I've never had any credit issues and also had a current a/c with them at the time and a mortgage in the past.

I would not get annoyed about it - I think they are just covering themselfs. i.e. If necessary, they can show that they have been responsible in their lending should any problems arise in the future.

Mark7799

lilac_lady wrote:

Getting back to Dosser's original query......Nationwide asked me to send 3 payslips to them and also called me at work. I bank with them but my salary doesn't go into a Nationwide account. I was a bit annoyed but went ahead as the interest rate with them was the best at the time. Although I applied via the internet I have banked with them for more than three years. I have an excellent credit history with no defaults (ever) so don't think that I'm a "borderline case". Anyone else been called at work?

No, but I have taken a phone call asking if a colleague worked at our Office. When I mentioned the call (unknowing what as going on but telling her as I felt it was unusual) she said 'oh, that's probably the Halifax checking up the details I give them'.

dosser_2

HGLTsuperstar wrote:

I think DFC's point was you seem somewhat evasive, defensive and hostile. You want people's experiences, which is fine, but experiences form opinions which are often just as or even more insightful. Also, in the spirit of the forum, there is give and take, i.e. give us a bit of your background then you will receive feedback which is more relevant and to the point for you.

each lender has different criteria, therefore general opninions are fruitless-
opinions are welcome when supported by experience/fact-
i am trying to inform myself about loan applicaions to help me in the future, so i have no info to give!
such a shame that there's an eagerness to jump to negative conclusions when someone behaves differently!
so much of this thread has been wasted with accounting for people's feelings {surely for another forum}rather than an eagerness to progress one's loan knowledge!

Milky_Mocha

dosser wrote:

anyone else with actual experience as a pose to theories?

You mean: anyone else with actual experience as opposed to theories?

Sorry. Just had to do that