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No loan then 3 minutes later.....

dano17439
dano17439 Posts: 366 Forumite
Part of the Furniture 100 Posts
I am buying a new car on Saturday, just went online to apply for a loan, from logging in to online banking to having the money credited in my account took 4 minutes

No wonder people get in trouble when its that quick and easy
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Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Just a thought - what would have happened if they had refused?
  • dano17439
    dano17439 Posts: 366 Forumite
    Part of the Furniture 100 Posts
    They wouldn't have, I have no other debt, have never defaulted on any repayment ever, earn above average salary, have worked constantly for 20 years and the amount i've borrowed is well within my means
  • redpete
    redpete Posts: 4,703 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    So that explains why it was so quick and easy for you. You are a low risk so got through quickly. People who are a higher risk could well take longer to get through checks or not get offered a loan at all.
    loose does not rhyme with choose but lose does and is the word you meant to write.
  • BillJones
    BillJones Posts: 2,187 Forumite
    dano17439 wrote: »
    They wouldn't have, I have no other debt, have never defaulted on any repayment ever, earn above average salary, have worked constantly for 20 years and the amount i've borrowed is well within my means

    So the fact that somoene well able to afford a loan gets one easily shows how dangeroous it is for people who can't afford one?

    How?
  • DCFC79
    DCFC79 Posts: 40,610 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dano17439 wrote: »
    They wouldn't have, I have no other debt, have never defaulted on any repayment ever, earn above average salary, have worked constantly for 20 years and the amount i've borrowed is well within my means

    Means nothing, they could have rejected you.
  • dano17439
    dano17439 Posts: 366 Forumite
    Part of the Furniture 100 Posts
    Could have, but i've never been rejected for any type of credit i've applied for in 20 years
  • Well, default on this loan and see how well your next loan application goes :)
    Haters are gonna hate - you're not obliged to participate
  • SuperHan
    SuperHan Posts: 2,269 Forumite
    Part of the Furniture 1,000 Posts
    It's only that quick and easy if you're not in trouble....


    Try getting in trouble, and then telling us how quick and easy it is to keep racking up debt...


    Your post is just pointless.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    dano17439 wrote: »
    They wouldn't have, I have no other debt, have never defaulted on any repayment ever, earn above average salary, have worked constantly for 20 years and the amount i've borrowed is well within my means

    That's not a guarantee that you'll definitely be accepted. People with little or no credit history can find it difficult to obtain a loan.

    What do you need a loan to buy a car for? Surely you have savings you could use instead in your excellent financial position ;)
  • JKSandy
    JKSandy Posts: 711 Forumite
    And if they said you need to wait a month to get your loan what would your post be?
    All that glitters is not gold.
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