Payday loan pre approved now need to phone them(what are they going to ask)

111222

So loan pre approved and says I need to phone, does anyone have any idea what they are likely to ask, what can they ask?

Herzlos

Did you apply for it?

They'll likely ask you what it's for and how you can afford it.

Do you really need one?

111222

Herzlos wrote: »

Did you apply for it?

They'll likely ask you what it's for and how you can afford it.

Do you really need one?

Yes I do, well I put all my details in the application form so why do they need me to phone?

RuthnJasper

Probably to get your bank or card details. Be very VERY careful that these people aren't brokers instead of direct lenders. What's the name of the company?

[Deleted User]

Probably to make sure you understand what you're doing, so you can't come back and claim you didn't know if was a loan, etc.

Avoid doing it if you can.

MEM62

111222 wrote: »

why do they need me to phone?

Call them and you will find out.

111222

RuthnJasper wrote: »

Probably to get your bank or card details. Be very VERY careful that these people aren't brokers instead of direct lenders. What's the name of the company?

Called mrlender.

[Deleted User]

Someone will just be doing their job.


You should have watched that documentary a few weeks ago on ITV - that showed a little snippet on there, showed them asking job title and whether the caller had any IVA's, DRO's and bankruptcy in their name if I recall correctly!


Check you are who you say you are
Financial status, reconfirm terms
Reason for borrowing


Personally I've always gone for the tech enabled lenders as the computer decides there and then as I don't think I'd pass with a manual, so perhaps there are pitfalls in both, yeah make sure this isn't a 'broker wum'.

RuthnJasper

111222 wrote: »

Called mrlender.

Well they seem like a lender and not a broker. But please, please be careful, and make sure you definitely can afford to pay them back.

It is a slippery slope into wretchedness if you don't and it takes a long time to climb out again. I speak from experience. That said, if you genuinely use these companies for short-term, pay-back-in-full situations they can be useful. But please look after yourself.

Best wishes.

Just in case: http://www.stepchange.org/ x

jadamson_2

Ruth is right, be extremely careful. You can find out some more info at Money Advice service too. I'm sure they just need to speak to you to clarify some aspect of your application. No need to worry. But obviously make sure a payday loan is the right financial tool for you right now. Never use one to pay off another debt as that is a slippery slope. Do you not have firends or family who could help out in this instance?