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Is there a legal time frame loans companies must reply to loan applications.
Good afternoon, I need to know is there a legal time frame loans companies must reply to loan applications in the United Kingdom?
So if a person applies for any type of loan (e.g. business or personal) is there Legislation or case law precedents that provide a time frame which companies have to answer by?
So if a person applies for any type of loan (e.g. business or personal) is there Legislation or case law precedents that provide a time frame which companies have to answer by?
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Comments
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No, there is not.0
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Nope, there is no limit on that.0
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No legal requierment to even bother replying to you if they choose not to bother.0
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It’s their money!!!0
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No, because the decision making process may involve in depth checks, especially for business loans, for example.
In debt and looking for help? Look here for the MSE Debt Help Guide.
Also, If you need any free and impartial debt advice, the National Debtline, Stepchange, and the CAB can help.0 -
Well if you haven't heard then the answer is no.0
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