We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
PLease Help
Hi I'd really appreciate you help if you can.
I have a loan with Lloyds TSb (staff Loan at 6.4APR) and also have a massive overdraft with them of £2000 and always using the overdraft and also have couple of credit cards one with LLoyds TSb again and one with MINT they are well within its credit limit. I found that after paying these everymonth it does pile up to a hefty £400-£500 everymonth
So I decided to consolidate them in to one loan of 5years. so i did shop around and found Tesco the better one of all at 5.9% so I applied and they accepted my application and I singned the CCA (agreement) now its been awhile didnt hear anything so I phoned them today and the guy said that they written to me last wekk which I didnt receive! saying that I needed to Provide last 4months of bank statement.
I am bit worried like I said above I have been using my overdraft for a long time but never gone over it. would it be a problem? if they see that I'm constantly overdrawn in the bank account mind you I am consolidating everything purely for this reason
I have a loan with Lloyds TSb (staff Loan at 6.4APR) and also have a massive overdraft with them of £2000 and always using the overdraft and also have couple of credit cards one with LLoyds TSb again and one with MINT they are well within its credit limit. I found that after paying these everymonth it does pile up to a hefty £400-£500 everymonth
So I decided to consolidate them in to one loan of 5years. so i did shop around and found Tesco the better one of all at 5.9% so I applied and they accepted my application and I singned the CCA (agreement) now its been awhile didnt hear anything so I phoned them today and the guy said that they written to me last wekk which I didnt receive! saying that I needed to Provide last 4months of bank statement.
I am bit worried like I said above I have been using my overdraft for a long time but never gone over it. would it be a problem? if they see that I'm constantly overdrawn in the bank account mind you I am consolidating everything purely for this reason
0
Comments
-
well im no expert but i had the same concern when i went in for my mortgage and they say said an overdraft didnt matter, the main thing was as long as they can see regular money is going they didnt mind.
most people have an overdaft and lets be honest most people use it.0 -
They are probably more concerned with you being you...ie proving your identity.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards