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Tesco Loan Application - Advice Needed
dizzyblonde82
Posts: 475 Forumite
in Loans
Hi,
My husband has applied for a Tesco loan for £10,500 paid back over 48 months so that we can consolidate a current loan and credit cards which are currently all in my name.
He received an agreement in principle and they asked to see his last bank statement and 3 months wage slips due to him being paid cash rather than direct bank payment. The interest rate offered to him was 7.9%.
Currently my husband has no outstanding debts, he has 2 credit cards with each having a zero balance and earns roughly £17,000 a year. He has only being with his current employer since August 09.
Today they have informed my husband that they will be writing to his employer for a reference.
What I really want to know is has he actually any chance of this loan going through or is it likely that he will be rejected.
Thanks
Sarah
My husband has applied for a Tesco loan for £10,500 paid back over 48 months so that we can consolidate a current loan and credit cards which are currently all in my name.
He received an agreement in principle and they asked to see his last bank statement and 3 months wage slips due to him being paid cash rather than direct bank payment. The interest rate offered to him was 7.9%.
Currently my husband has no outstanding debts, he has 2 credit cards with each having a zero balance and earns roughly £17,000 a year. He has only being with his current employer since August 09.
Today they have informed my husband that they will be writing to his employer for a reference.
What I really want to know is has he actually any chance of this loan going through or is it likely that he will be rejected.
Thanks
Sarah
0
Comments
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as long as he has been honest sure0
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