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£700 loan refused
Comments
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Was the loan for an apple product? If so are you absolutely sure all data was entered correctly as it is all entered on the little terminals the staff use. I got such a loan (0%) from apple and when I double checked before the application was submitted a couple of bits of data had been entered incorrectly and I had to amend.0
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Nonsense, I earn more than that and have taken 0% finance deals for lesser amounts with no issues. My finances are in a very good state and my credit file reflects this.Not a different situation at all from lenders perspective. It's either someone on whom you will not make money or someone who struggled enough to needs the 700 quid on such good salary (aka likely a bad account), either way a rejection stamp.
As explained this is someone taking advantage of a 0% deal so funds can remain in their own account for longer."We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein0 -
Was the loan for an apple product? If so are you absolutely sure all data was entered correctly as it is all entered on the little terminals the staff use. I got such a loan (0%) from apple and when I double checked before the application was submitted a couple of bits of data had been entered incorrectly and I had to amend.
I'm thinking this is the likely explanation, I did check but I suppose it only take something like missing a zero from salary.0 -
ReadingTim wrote: »Maybe they decided that you aren't likely to be a very profitable customer, so decided they'd rather lend to someone whose current and savings accounts were a little less "healthy" and therefore might be interested in other products, such as overdrafts, credit cards, loans and the likes.... products which make the bank money, rather than lose it money by providing an interest free loan to a customer who doesn't need it.
You might think you're a good customer but from the bank's perspective - ie to make a profit - you're not.
0% interest so they wouldn't be making any money anyway but I take your point on the other items0 -
There'll be a kickback from retailer to lender.onefurlongout wrote: »0% interest so they wouldn't be making any money anyway but I take your point on the other items0
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