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Loan Declined - appealing

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Comments

  • Arleen
    Arleen Posts: 1,164 Forumite
    1,000 Posts Combo Breaker
    from when I worked in a bank :)
    Doesn't make it any truer, banks have scuttle-bug too. And it's unlikely that employee who didn't work with credit affordability would know what is a good or bad overdraft.
  • BrassicWoman
    BrassicWoman Posts: 3,218 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    Arleen wrote: »
    Doesn't make it any truer, banks have scuttle-bug too. And it's unlikely that employee who didn't work with credit affordability would know what is a good or bad overdraft.

    well, you don't have to believe me :)
    2021 GC £1365.71/ £2400
  • paddyrg
    paddyrg Posts: 13,543 Forumite
    I can see the logic - someone turns an unofficial overdraft into an official one at the level to which they'd overdrawn, whereas a premeditated, negotiated overdraft may be a rounder figure - mine is £3,500 for instance (never used it, no idea why it's so high)
  • save your money, pay off your debts and take those first few challenging sets
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