How do lenders check how you will use loan funds?

gb12345

27col wrote: »

It seems to me that anyone who has need of a consolidation loan is far from having their finances under control.

Don't try to give the OP advice on consolidation - they know everything there is to know about it and don't require any input from anyone else.

All the OP wants is the answer to a specific question - anything else and they will have another little hissy fit like the one they had the other day.

Peelerfart

Interesting thread, as a fairly regular contributor to the forum, and in particular this board, I have read quite a few stories.

I have done, in the past quite a few,no lots, of stunts that I now know were probably wrong.
Since joining, and learning,I have not made those same mistakes but then sometimes you cannot help those who won't help themselves.

somethingcorporate

If your current debt is serious enough for you to seek consolidation then spending the money loaned for the purpose of consolidation on something else is going to be a very painful lesson, especially if this is now going to be secured!

Still, evidently you want to keep your head in the sand. Maybe you'll have your LBM when they take your house!