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First Plus

Ronnie_B
Ronnie_B Posts: 2 Newbie
in Loans
I took a loan with First Plus some 8-9 years ago and at the time my income was not high enough for the loan so they made it a joint loan with my wife's name and using her Incapacity benefit as income.
I have heard a rumour that you cannot use state benifit for a loan and the therefore the loan may have been mis sold can anyone give me advice please

Comments

  • Wutang_2
    Wutang_2 Posts: 2,513 Forumite
    or possibly misbought?
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • Tremour-88
    Tremour-88 Posts: 368 Forumite
    100 Posts
    You cant get them in trouble for mis-selling a loan YOU asked for or extended.

    State benefit is an income but some companies wont take it as such as they perfer a solid job income.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Ronnie_B wrote: »
    I took a loan with First Plus some 8-9 years ago and at the time my income was not high enough for the loan so they made it a joint loan with my wife's name and using her Incapacity benefit as income.
    I have heard a rumour that you cannot use state benifit for a loan and the therefore the loan may have been mis sold can anyone give me advice please

    You heard wrong. Seriously the threads on these boards are getting more pathetic by the day
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Ronnie_B wrote: »
    I took a loan with First Plus some 8-9 years ago and at the time my income was not high enough for the loan so they made it a joint loan with my wife's name and using her Incapacity benefit as income.
    I have heard a rumour that you cannot use state benifit for a loan and the therefore the loan may have been mis sold can anyone give me advice please
    The rumour is nonsense.
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    Ronnie_B wrote: »
    I took a loan with First Plus some 8-9 years ago and at the time my income was not high enough for the loan so they made it a joint loan with my wife's name and using her Incapacity benefit as income.
    I have heard a rumour that you cannot use state benifit for a loan and the therefore the loan may have been mis sold can anyone give me advice please

    In that case 1000000s of payday loans would be mis-sold LOL
  • poppasmurf_bewdley
    poppasmurf_bewdley Posts: 5,939 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You can't wriggle out of the loan by trying that on.
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
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