Loan that should never have been approved?

27col

PawleyN wrote: »

Now being 27 I have lived with no money problems for the past few years, yet now I am waiting on foreign cheques to clear and so requested an overdraft increase to get me by for the next few weeks. Of course this, and all other efforts to get some have been unsuccessful and now I do not know what else to do. Also not getting these small amounts of credits leaves me worrying for when I finally try to get on the property ladder.

If you have been living with no money problems for several years then you should have been able to save a small nest egg to act as a buffer in times such as you describe. IE waiting for some money to arrive from abroad.

opinions4u

4/9 troll.
100/30 making a worthwhile second post.
11/2 anybody offering genuine sympathy.
250/1 anybody coming up with a rational explanation as to why the lender is at fault.

dealer_wins

Is this a copy and paste from the thread the other day LOL

[Deleted User]

davisbail wrote: »

I think the reasons for never approving the loan is due to insufficient income according to loan that one want or may be due to document insufficiencies. Nowadays we have to give some % of the loan amount to approve the loan otherwise not.

I couldn't have put it worse myself.

<click>

27col

davisbail wrote: »

I think the reasons for never approving the loan is due to insufficient income according to loan that one want or may be due to document insufficiencies. Nowadays we have to give some % of the loan amount to approve the loan otherwise not.

You wouldn't consider rewriting this in plain English, would you. At the moment it's hurting my head.

sharp82

These are my favorite threads.

inb4 OP gets get angry

matttye

sharp82 wrote: »

These are my favorite threads.

inb4 OP gets get angry

There's too many of these types of 'can I accuse the lender of misselling' threads for them all to be serious; I think people are winding us up as a lot of posters get quite animated in these types of threads

Fishingtime

Apples2 wrote: »

a packet of peanuts may contain nuts.

God I never knew that, that is the last time i buy a bag of nuts.
How have I survived this long

matttye

Apples2 wrote: »

It's posts like this which remind us all, there IS a point to those warnings on coffee cups that the contents may be hot or a packet of peanuts may contain nuts.

The Neanderthals will see the word 'may' as a challenge

sharp82

It would be nice if the OPs of these such threads would post what they would like to happen.

A letter template to be sent to the original lender, giving back all payments on the loan and a cleared credit file.

___________

When I was 18, I had a loan for a car. 6 months later I crashed it, and wrote it off. With only third party fire and theft insurance I was left paying a loan for a car I didn't have.

If only this forum was around then... I could have blamed the bank for not advising me to take comprehensive insurance. Thinking about it, I don't think they even asked me what the loan was for! Irresponsible lending at it finest