Offered a loan and I don't have an income as such!

sb44

I rang LloydsTSB Phonebank this morning to check my balance etc as was told " Mrs X do you know you are eligable for one of our personal loans? ".

So, I asked how could I be eligable for a loan when I didn't have an income as I am a full time mum. The only incoming payments I have are Child Tax Credit,Working Families Tax Credit and of course Child Benefit.

The tax credit and working families come to £70 a week so not a massive amount.

She said I had an excellent credit history and asked if my partner was employed. I said my husband was employed, that we had a mortgage through them and she said that would be the reason I was being offered a loan.

That can't be the case because we do not have a joint bank account and the mortgage is only in my husbands name (which will be getting changed to joint names next year when the endowment pays it off ).

Is it any wonder people are getting themselves in the proverbial?

:rolleyes:

marshallka

sb44 wrote: »

I rang LloydsTSB Phonebank this morning to check my balance etc as was told " Mrs X do you know you are eligable for one of our personal loans? ".

So, I asked how could I be eligable for a loan when I didn't have an income as I am a full time mum. The only incoming payments I have are Child Tax Credit,Working Families Tax Credit and of course Child Benefit.

The tax credit and working families come to £70 a week so not a massive amount.

She said I had an excellent credit history and asked if my partner was employed. I said my husband was employed, that we had a mortgage through them and she said that would be the reason I was being offered a loan.

That can't be the case because we do not have a joint bank account and the mortgage is only in my husbands name (which will be getting changed to joint names next year when the endowment pays it off ).

Is it any wonder people are getting themselves in the proverbial?

:rolleyes:

Lloyds need something doing about this. I know of someone else who actually got their credit card on FAMILY ALLOWANCE. Its not right to use this as income. I take it you refused this offer. I would have too as I would have known that I had no way of repaying it back...

sb44

marshallka wrote: »

Lloyds need something doing about this. I know of someone else who actually got their credit card on FAMILY ALLOWANCE. Its not right to use this as income. I take it you refused this offer. I would have too as I would have known that I had no way of repaying it back...

Yep, I certainly did refuse it.

I get the same thing everytime I go into the bank to pay money in, they ask if I have a minute as someone would like to see me about 'reviewing' my account and did I want to see someone about a personal loan.

I just go and pay money into the wall now inside the bank, it is less hassle.

:rolleyes:

Abbafan1972

Banks are just clutching at straws now to try and get business.

I got a call from the Halifax on Tuesday Morning.

Caller:- As a valued Halifax customer, I am calling to offer you our Halifax one card.
Me:- Is it a credit card?
Caller:- Well, it's a mastercard.
Me:- No, I'm not interested in a credit card thankyou.
Caller:- Any why is that?
Me:- (And this is the truth) Well I had a credit card years ago and run up a £6,000 debt I couldn't pay off.
Caller:- Ok then thanks very much. (Rung off)

I don't class myself as a Halifax customer as such, I am jointly named on the mortgage with OH. But they can't phone him and offer a credit card, as he already has one with them. I bank with the HSBC.

naijapower

All these is a consequence of too much reliance of computers. Surely if your account was reviewed by a human, there is no way they would have offered all these loans etc (i hope not)

sb44

naijapower wrote: »

All these is a consequence of too much reliance of computers. Surely if your account was reviewed by a human, there is no way they would have offered all these loans etc (i hope not)

I have received phone calls from 2 different LloydsTSB's in my area asking if they could offer me a loan basically and wanting me to arrange an appointment to go in and see them.

One was a manager, the other a financial advisor so they must have looked into my account before deciding to ring me.

Tassotti

And I thought, with the credit crunch, no money was being lent....

Hmm

Just got another 12K on 0% from virgin...Strange?

colin13

sb44 wrote: »

I have received phone calls from 2 different LloydsTSB's in my area asking if they could offer me a loan basically and wanting me to arrange an appointment to go in and see them.

One was a manager, the other a financial advisor so they must have looked into my account before deciding to ring me.

a friends sister worked in a bank at the till,, she was hounded by management to get people to agree to come and c about loans credit card etc,,
it didnt matter there circumstances it was all a number game by the bank,,if the branch didnt get enough referals a month , branch got a telling off from hi office

I think if they sit there and say it to every coustmer who walk in they will get the quota

Kavanne

OP, do you have any other regular money paid into the accoun? (ie: does your hubby pay in some money to it?) because lloyds would see that too and may have offered you the loan based on that too.

sb44

Kavanne wrote: »

OP, do you have any other regular money paid into the accoun? (ie: does your hubby pay in some money to it?) because lloyds would see that too and may have offered you the loan based on that too.

Nope, I get £280 tax credits per 4 week period and £80 child benefit so a total of £360 per month which I use to pay for food, clothes and the dog's insurance cover. My husband pays for everything else from his 14k wage. Luckily the mortgage is less than £100 a month as we got in when property prices were low years ago.

chuckley

credit crunch and they need figures...