Tesco Loan agreed in principle..

Fitzkepp

Update: Just had a call from the under-writer, apparently the Post Office didn't do the Certified Copy correctly to their criteria, the guy didn't put his name and position alongside the comment and stamp #irritating. Secondly, the utility bill fell outside of the window allowed for timescale, which I have to take on the chin. However, the underwriter essentially said once I send those documents through it will be approved - as they just need to confirm address and ID. Credit score is good, amount is reasonably low etc.

I can't help thinking there's a twist in this tail yet, but I can buy wait and see.

Oh, the reason they need the documents? Apparently I'm "not on the electoral roll" (I am and have been for 2.5yrs, Equifax agree) - who have you checked with, I ask. Experian.

Say no more.

DCFC79

Fitzkepp wrote: »

Update: Just had a call from the under-writer, apparently the Post Office didn't do the Certified Copy correctly to their criteria, the guy didn't put his name and position alongside the comment and stamp #irritating. Secondly, the utility bill fell outside of the window allowed for timescale, which I have to take on the chin. However, the underwriter essentially said once I send those documents through it will be approved - as they just need to confirm address and ID. Credit score is good, amount is reasonably low etc.

I can't help thinking there's a twist in this tail yet, but I can buy wait and see.

Oh, the reason they need the documents? Apparently I'm "not on the electoral roll" (I am and have been for 2.5yrs, Equifax agree) - who have you checked with, I ask. Experian.

Say no more.

Whether you use equifax or the joe bloggs down the street has no bearing on it as it all depends on who the lender uses to check the identity of the applicants, in this case PO use experian, glad you got it sorted though.

Malaga0034_2

I applied last wednesday 6k and i had a reply from them on friday saying i had been accepted in principle but they wanted my last 3 months bank statements ?
i have a Barclays cc 6k and a tesco cc for £300 but I'm self employed and all they will see on my statements is my wifes salary as that pays all the bills and mine for the every day stuff,so i wonder if i will be lucky ?
i have been accepted with my own bank at 12.1% but i want tescos offer coz its 8.3%

Malaga0034_2

Malaga0034 wrote: »

I applied last wednesday 6k and i had a reply from them on friday saying i had been accepted in principle but they wanted my last 3 months bank statements ?
i have a Barclays cc 6k and a tesco cc for £300 but I'm self employed and all they will see on my statements is my wifes salary as that pays all the bills and mine for the every day stuff,so i wonder if i will be lucky ?
i have been accepted with my own bank at 12.1% but i want tescos offer coz its 8.3%

just got the monies exactly 7 days after i applied :j

Fitzkepp

DCFC79 wrote: »

Whether you use equifax or the joe bloggs down the street has no bearing on it as it all depends on who the lender uses to check the identity of the applicants, in this case PO use experian, glad you got it sorted though.

I use Equifax, who have my electoral roll information logged - I left Experian for them because they didn't, due to an address anomoly (my building has a name and number) - Experian wouldn't sort it.

Interestingly I went for the Tesco loan partly because I was referred by Equifax, thinking they would naturally provide the credit checking service for Tesco. Seemed I was wrong.

Anyway, money landed in account today - bit of a faff with the passport/utility bill but all's well that ends well.

mland83

I applied for a 13k loan with Tesco last week. My partner applied two weeks ago and they asked for all sorts, bank statements, wage slips etc, even asked for a letter from her employer, which was why we decided I would apply as she did'nt really want to ask for written documents from her employer.

I was accepted, they sent me the paperwork to sign but asked for nothing else at all, and it went in my account today.

I'm self-employed, have a few small credit cards I pay off each month, strange thing is since then ive applied for an upgrade on my personal account at barclays (from cash card) and a credit card from virgin, both declined.

It's a strange world