best reason to specify to get an overdtraft?

opinions4u

creditisformugs wrote: »

Break the law come on O4U its hardly crime of the century stating your overdraft is for a holiday, I wouldn't think the bank cares as long as they get it back.

Criminal act :rotfl: seems someone has spent to much time on these forums.

They declined the application when provided with the reason for the overdraft. They considered the risk of lending in those circumstances one that was not worth taking - statistically they realised that there was more chance of not getting their money back.

Why should other customers have to pay higher rates because people lie, get credit and then fail to repay? Because that's exactly what happens.

I didn't claim this was "crime of the century" as you put it. But the willingness of people to lie in order to borrow is one of the reasons this country is in a mess right now. Lying to obtain credit is an act that has a cost that is picked up by others.

If you're happy to end up with a CIFAS marker flagged on your credit file, go ahead.

Andystriker

foxybird wrote: »

thank you :beer: I was afraid to write it here and be teared into pieces later

What are you thanking him for? Who has teared you into pieces?

You asked a question, you got the answer. Because its not the answer you wanted to hear you have been torn into pieces????

Perhaps you are thanking creditisformugs because they have given you the answer you wanted to hear?

But as Opinions4u says "If you're happy to end up with a CIFAS marker flagged on your credit file, go ahead".

creditisformugs

opinions4u wrote: »

They declined the application when provided with the reason for the overdraft. They considered the risk of lending in those circumstances one that was not worth taking - statistically they realised that there was more chance of not getting their money back.

Why should other customers have to pay higher rates because people lie, get credit and then fail to repay? Because that's exactly what happens.

I didn't claim this was "crime of the century" as you put it. But the willingness of people to lie in order to borrow is one of the reasons this country is in a mess right now. Lying to obtain credit is an act that has a cost that is picked up by others.

If you're happy to end up with a CIFAS marker flagged on your credit file, go ahead.

So what are the bank going to do O4U send the Overdraft holiday police to wait outside the OP's address to make sure they come out with suitcases.
Come on get real this 2011 not victorian times.

OP don't let O4U try worry you with CIFAS you have more chance getting a 10k overdraft.