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Loan decision reffered

Stella66
Stella66 Posts: 145 Forumite
in Loans
l have apllied for a medical loan over the phone this morning. After being kept on hold for about 5 minutes for a decision l was told it has been referred. Anyone knows what that means, did l not meet their lending cretiria?

Comments

  • dings
    dings Posts: 131 Forumite
    Part of the Furniture Combo Breaker
    Probably means you're being referred to a more senior underwriter.

    Will mean a more detailed conversation about your incomings/outgoings etc.

    Dings
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