Do loans companies contact employers??

Cyan

Hi, I need a loan, was looking at Zopa - but it asks for work contact info - but do they contact work? I don't really want everyone at work knowing I need a loan.

Wutang_2

I do not think they will ring your work and tell everyone

Cyan

I know they won't tell everyone - but things get around, especially if someone different answers the main phone at work.

Apples2

Maybe it's simply another point of contact for you if you stop making payments and don't answer your home/mobile phone.

campez

omg i dont think u even read stories properly before you jump in with your smug head up your !!!! replies people are needing help not you if you hvent got anything helpfull to say crawl back under your stone apples 2

aj2703

Apples2 wrote: »

Maybe it's simply another point of contact for you if you stop making payments and don't answer your home/mobile phone.

You are probably correct. It has been known for companies to chase people at work if payment has not been made.

iolanthe07

omg i dont think u even read stories properly before you jump in with your smug head up your !!!! replies people are needing help not you if you hvent got anything helpfull to say crawl back under your stone apples 2

What's all this about? Apples 2 reply seemed perfectly reasonable to me.

Burlesque_Babe

they may call and say 'does so and so work for x company?' - they can't say/ask anything more. This is to clarify the information on the loan application.

It also means that if the account gets into arrears and collections are involved they have a definite point of contact.

kissablekate

i work for a credit company and they do phone the employers to make sure the employment details given are correct... otherwise people could just say they are employed at 'X' on the application when in actual fact they are unemplyed etc

jamesd

Cyan wrote: »

Hi, I need a loan, was looking at Zopa - but it asks for work contact info - but do they contact work? I don't really want everyone at work knowing I need a loan.

Yes, it's normal for lenders to contact work. Best to use the Zopa contactus email address and ask them for specifics about what they do if you have concerns.

News shouldn't get around work and in any case there's nothing wrong with wanting a loan. Nobody at work has any reason to know the difference between wanting and needing a loan, for example.

If it does happen to become known more widely at work, it's the deposit for your yacht. Nobody else's business what it's really for.

Declaration of interest: I've both loans via Zopa and lend via Zopa. There's minimal chance of me actually lending there at the moment due to the large amount of money available.

EmzJenks

campez wrote: »

omg i dont think u even read stories properly before you jump in with your smug head up your !!!! replies people are needing help not you if you hvent got anything helpfull to say crawl back under your stone apples 2

Wouldn't normally comment on something like this, but....pot calling kettle black springs to mind here. Apples2 was answering the question the OP asked in a perfectly nice manner, how about you read the reply properly before making things personal.