How does big companies give credit to someone with no income?

Lemonsqueezer78

Maxscott wrote: »

She not playing me, If anything she been trying to hide it from me.

Argos basically said of she does pay £90 today they will send it to a debt collection agency. Which means Bailifts.

Santander does not want to set up a repayment plan to help her pay it off.
And I won't tell you what I called her when I found out about the short term loan!
It unprintable!

Firstly, a debt collection agency does not automatically mean "bailiffs".

Secondly, an overdraft is a loan. Like any other. It's just a loan without structured re-payments (until the bank ask for their money back, that is and then it is normal for a bank to expect immediate repayment).

Without a detailed look at your ex's finances noone here can really comment on why she is able to get people to lend her money. There is every chance she should NOT be able to get credit if it genuinely is unaffordable for her to pay it back - however that is something your ex actually needs to take up with her creditors.

For now, one option is to actually LET these debts go in to default - i.e. let these late payments ruin her credit file. THEN you can pay them if you really must. But at least with a few defaults listed against her she will find it very hard to get any further credit, if that is your main concern.

andyfromotley

Hi Max,

Rotten situation for you, and i defintely understand your decision to help.

I suspect when you get into the details of it you will find that your ex rang up and lied about her income to these companies. Currently they have no easy way of knowing what a pesons income is without carrying out expensive time consuming pysical checks of pay slips and emplotey references which are not really feasible for small loans.