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New loan to unemployed OPF

ladykibby
ladykibby Posts: 46 Forumite
I am soooooooooooooooo mad today.

My step daughter (bless her) had a baby boy in August, BF left her in April, (told her he was a waste of space). Had baby Ok, Had a bank loan for several years 7.5k over 4years. (Dont know what she spent the money on) Anyway , today she goes into the bank to reduce her payments, so they let her take out a NEW loan for 4.5k (paid off 3k in repayments over the last 2 years) EVEN THOUGH SHE IS A ONE PARENT FAMILY _ NO INCOME ........ only benefits !!!

I CANT BELIVE THIS.... I went back into the bank with her to try and sort this out and I am now paying half of what she owed the bank just to try and help her out.

WHAT ON EARTH ARE THE BANKS DOING letting a young girl do this sort of thing?????????? BEYOND BELIEF
:mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :eek:

Comments

  • What did you expect the bank to do?
    They had already lent her the money 3 years ago.
    As I see it they have reduced the payments presumably because the new loan is over a longer timescale - but this would have happened anyway if she had reduced payments.
    Unless they lent her new money I seem to be missing something here.
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