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Loan Fees- Do I have to pay them?

calsim
calsim Posts: 5 Forumite
in Loans
As per my previous thread I have applied for a few loans and they were all approved (in principal). I ended up not needing them so I have cancelled them before they were officially approved..

I am a little nervous I am going to be charged a fee for the application process.

Is there a way around this? E.g opening an new account with my bank?

Thanks in advance!

Comments

  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    calsim wrote: »
    As per my previous thread I have applied for a few loans and they were all approved (in principal). I ended up not needing them so I have cancelled them before they were officially approved..

    I am a little nervous I am going to be charged a fee for the application process.

    Is there a way around this? E.g opening an new account with my bank?

    Thanks in advance!

    A new bank account wont help, for 1 its just running away from the issue and 2 the bank will come after you.
  • calsim
    calsim Posts: 5 Forumite
    Thanks for the reply.

    Is there anything you can recommend?

    I just do not want a large sum to come out my bank balance- especially by surprise.
  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Nothing you can do until the fees are debited, as you will have authorised them.
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