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Hsbc Loan Conditional

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xgingerx
xgingerx Posts: 591 Forumite
Part of the Furniture 500 Posts Combo Breaker
Hi as I have already posted today explaining I have been refused by my bank Nationwide I decided to give HSBC ago as I have a credit card with them and as I now have several searches on my file thought I would give it one last shot before I give up for another 6 months. I called them and said it was not declined but was conditional and someone would contact me in the next few days, the question is, what does this actually mean ??

Has anyone else had this situation? Neither Approved or Declined ??
Dmp Mutual Support thread member No 82

Comments

  • skanger
    skanger Posts: 74 Forumite
    Could mean that it's conditional on you paying off your other debts with the money.

    If so they will ask you to list what it is you are going to clear, and sign to say that on completion of the loan that is what you will do.

    HTH
  • regularsaver1
    regularsaver1 Posts: 4,930 Forumite
    Huiman decision = with an underwriter doing extra checks
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