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greenwoods personal finance

hi

does anybody know how long it takes to receive a loan from greenwoods?

i applied online yesterday, it said i was provisionally accepted and then i received a phone call from the agent who is coming out to see me today.

i know that provisionally accepted does not mean that i have been fully accepted, but does anyone know from experience how likely it is that it will be approved? and what disqualifies you from the loan being approved? i am in full time employment, live on my own in council property and i do have some bad credit.

also if i am approved is there a maximum amount for a first time customer? i applied for £500 online, not sure if this is how much i will be getting though. Also if approved when will i receive the loan?

thanks in advance

Comments

  • Hiya

    you are basically approved, Its down to the agent now- proof of income etc.

    You will not get £500 not a chance

    You will get £200 first time and after on time payments etc you can have more and eventually whatever you want.

    The interest is very high though so be carefull.

    I have used shopacheck for years and have paid them off now, But it can be hard to get out of debt with them
  • ps you will get the money today or maybe a day or two later
  • thank you for your reply, i didnt think i would get 500, expecting more like 100.

    i used provident about ten years ago and have never had to use anything like this since but its an emergency and a one off. i am hoping to pay it all back in one go at the end of the month but seeing as i will have to pay the same amount as i would if i paid it weekly i may see what the weekly costs are and pay it off over a few weeks.

    thanks again
  • if you pay it off staright away you will only pay back a little bit of interest
  • avoid there apr is ridiculous

    and its a nightmare having them come round every week to collect payments.

    mine would regularily either not turn up or was late
  • Apples2
    Apples2 Posts: 6,442 Forumite
    How does that name get through the swear filter?
  • chanz4
    chanz4 Posts: 11,052 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    use a payday loan if 100% paying back within a month
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
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