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RBS Loan

jerseyluke
jerseyluke Posts: 10 Forumite
I'm an RBS customer for 7 years and applied for a £5k loan with them - approved in principle.... Documents for me to sign are coming in the post.

equifax shows a search footprint - can I be hopeful for an approval?

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I think so - they would not waste their time sending out paperwork otherwise - just don't actually spend the money until it turns up in your account.
  • bengalknights
    bengalknights Posts: 5,021 Forumite
    Part of the Furniture 1,000 Posts
    If there sending the paperwork that means its usually approved
  • yoshiyella
    yoshiyella Posts: 608 Forumite
    Part of the Furniture 100 Posts
    Not from my experience. I was sent the paperwork then waited a week for a decline letter!
  • National_Debtline
    National_Debtline Posts: 7,998 Organisation Representative
    Tenth Anniversary 1,000 Posts Combo Breaker
    Hi jerseyluke


    The Equifax search footprint won't in itself tell you anything about the likelihood of a "yes" from RBS - it simply confirms that RBS have assessed your credit file, which would be the case with any application. Good luck.


    Dennis
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
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