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Bank loan to help friend

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  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    1) They will ask the reason for the borrowing. Then decline the loan. Putting anything other than the true reason is fraud.
    2) This is a ludicrously bad idea. I can imagine already what will happen - the OP obtains the loan fraudently, friend stops paying, OP posts back in 18 months saying the loan was 'mis-sold'. Let's face it, whatever we say isn't going to make any difference, the OP's going to make a huge mistake here.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    PS in hindsight I'm fairly sure this is a troll thread anyway,.
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