Nationwide Top up loan refused due to activity on my account. NEED ADVISE

KingElvis

Payday loans on your credit history are like dog shi7 on your new shoes.

Betting is the icing on the cake.

dealer_wins

M48ley wrote: »

Thanks for all your comments. Just like to say that's its no wonder people have no option but to declare bankruptcy, there's just no trust in the customer, even after we have no option but to trust the banks, and all they ever do is let us down, people are quick to forget the mess banks have left in our country during the banking scandal, with their million pound bonuses etc....... the country will will day collapse and fold and we will become the new 3rd world.

You hate them so much that you bank with them.

~Brock~

M48ley wrote: »

....... the country will will day collapse and fold and we will become the new 3rd world.

...and when future alien anthropologists pick over our fossilised remains searching for clues, they will pinpoint that day when M48ley never got his hands on that loan cash as the catalyst for all that followed. :rotfl:

27col

I for one would not lend to someone who regularly used payday loans, and who I also found out was involved in online betting as well. That is not the type of borrower that Nationwide or any other lender needs. Good for them, I say!

meer53

Very few lenders these days will consider lending money to anyone who uses payday loan companies and also has gambling transactions on their accounts. It doesn't fill them with confidence that you can manage your money very well.

If i were to agree a loan to a customer like this, i would be hauled over the coals by my manager !

chanz4

rbs would give me one and i had pdl for cashback

RobertoMoir

opinions4u wrote: »

For this alone I think they were absolutely right to decline you.

Wonga implies you can't budget properly. Bet 365 is a potentially addictive habit that could mean you priritise betting over loan repayments. If the decision was already borderline I can fully understand them playing safe.

It is absolutely their business if you want to borrow money from them.

I think the combination of PDLs and betting might have tipped the balance much more than the presence of just one or the other would have, though PDLs are never a good sign.

I can't imagine them turning people down just for having the occasional bet.
I can imagine them turning people down for PDLs but I can also see the point that someone might need them as a one off thing and this doesn't render them a pariah.
But both together, fairly or not, could definitely seem suggestive of money problems.

DCFC79

M48ley wrote: »

Hi All,

I'm just looking for a bit of advise of where I stand on the following issue.

Last year I applied for a loan from nationwide and was excepted, one year into my contract (of which I have not missed a payment) I have applied for a top-up Loan of £3000 which was approved in principle on-line on their website. They then asked me for my last 3 months payslips which I provided. They then told me that was fine and that I had to wait till Monday for the Loan to be paid into my account ( Something to do with payments only being made on a weekday) Anyway I waited all day for payment and after not hearing from them or receiving any money I went on the phone to their customer services who then told me the loan had been declined at the last minute because of activity on my current account that I also hold with them.

Basically they have declined the Loan due to me getting the odd payday loan from Wonga and also for using MY MONEY to have the odd bet online. I feel this is a breach of my civil rights as for the fact that they acutally looked through my statements to see money coming from Wonga and money going to BET 365. How and where I spend my money is of no concern to them, as long as my bills are paid on time each month. Which I can assure you they are.

If anyone could help give me advise on this it would be greatly appreciated. Thanks in advance

Lol civil rights is mentioned, is it actually a breach of civil rights though ?

samba

M48ley wrote: »

[if] I had a different bank providing my current account they would have no access to my statements to see what I'm spending my money on.

So apply for a loan at a different bank.

rb10

M48ley wrote: »

[if] I had a different bank providing my current account they would have no access to my statements to see what I'm spending my money on.

No - as part of the underwriting process they would request that you take 3 months' bank statements into a branch along with your payslips.