Can i borrow £100,000 by 4 loans of £25,000

Cycrow

emmaglet wrote: »

how???????????????????????

because no one said "Yes, you can easily borrow the money"

reality can be nasty at times

DCFC79

chertseyboy wrote: »

What a nasty bunch of people you are!

Can you tell us why ?

Was any of the replies nasty ? No
Did we tell you the truth ? Yes

The post has already been quoted so why delete it ?

Come on now, your an adult right so act like 1. I hope you dont act like that in real life when you dont hear/get what you want.

dealer_wins

The OPs "idea" is SO stupid, SO fraudulent and SO not going to happen, it really doesn't warrant a sensible response.

Clive_Woody

chertseyboy wrote: »

What a nasty bunch of people you are!

Seriously £100k, none of your own money and four unsecured loans applied for simultaneously....:D

Look at it from our side.

We just saved you getting four failed applications marked on your credit history. You can thank us later.

gb12345

dealer_wins wrote: »

The OPs "idea" is SO stupid, SO fraudulent and SO not going to happen, it really doesn't warrant a sensible response.

I think you're wrong - I expect to see the OP back in 6 months time to tell us how we're all idiots and that he got all 4 loans at 1.99%APR and bought his leg stretching business (or what ever the opportunity was) and is now a multi-millionaire.

Ooh look a flying pig.

tattycath

gb12345 wrote: »

I think you're wrong - I expect to see the OP back in 6 months time to tell us how we're all idiots and that he got all 4 loans at 1.99%APR and bought his leg stretching business (or what ever the opportunity was) and is now a multi-millionaire.

Ooh look a flying pig.

:rotfl::rotfl::rotfl:

poppasmurf_bewdley

jacobtheamish wrote: »

Will this business involve you growing magic beans?

My guess would be Magic Mushrooms.

chambta

Crazy idea but the theory you can't borrow more than 50% of income is equally off the mark.

dealer_wins

I wonder what would happen if an A1 credit worthy customer applied for say 4 £25000 loans (where he would almost definitely be accepted if it was a single application) at exactly the same time.

gb12345

chambta wrote: »

Crazy idea but the theory you can't borrow more than 50% of income is equally off the mark.

It's not theory - it's a rule of thumb based on affordability. For some lenders it will be a higher % and the occasional company don't factor it in for some applicants.