Loan / Gambling / irresponsible Lending (and me)

Tallaght

I forgot to say i know people who have been turned down for loans and mortgages due to a lot of online gambling transactions on their bank statements.Apparently this is now happening to a lot of people.

Silvertabby

OP, if losing this £25K was your epithany, which led to your cure, then perhaps you should be thanking Nationwide instead of castigating them?

If you'd carried on gambling, your life time losses may have been much greater,

parking_question_chap

Mynameisjack wrote: »

In my infinite wisdom i applied for the loan noting “home improvements” as the reason

My thoughts now turn to whether I should have been given the loan in the first place.

My thoughts turn to whether you were honest on your application.

Personal responsibility? No?

Self exclusion is very easily online. And not that difficult offline. Just log in to all your account and self exclude for as long as possible.

Tallaght

OP was it gambling online with bookie websites or gambling in bookie shops on things like the FOBT machines ?

stevenhp1987

parking_question_chap wrote: »

My thoughts turn to whether you were honest on your application.

Personal responsibility? No?

Self exclusion is very easily online. And not that difficult offline. Just log in to all your account and self exclude for as long as possible.

Don't even need to do that.

Just register with https://www.gamstop.co.uk

It's the national self-exclusion service that will prevent you from registering with any UK registered online casino/bookmaker. It will also exclude you from your current accounts.

This is step one to be done before changing any finances!

In terms of the loan, you committed fraud when you lied for your reasons for getting the loan. You cannot hold them responsible for giving you it when you committed fraud to get it. Be happy they, from the sounds of things, have not slapped you with a CIFAS (fraud) marker.

DCFC79

If it were me Id be doing all I could get the loan paid off, whether it meant doing overtime, a second job or just living frugally for a while so you can make overpayments.

username901

That sounds too honourable, I thought usual advice on this site was sue the evil tory bankers for compo, claim mental health issues or depression etc, and when that fails then go bankrupt and start again. Get another loan in a few years and try your luck again. Wished I went bankrupt all those years ago instead of paying my uni debt back, would have been a hell of a lot cheaper and easier.

Bermonia

Mynameisjack wrote: »

Hi all

Just had a chance to catch up on all of your replies (I’ve been doing some overtime whilst working my 2nd job @ DCFC79). Anyway, thanks to those of you who gave me some genuine (viable) feedback / advice I will of course take it all on board. Thanks to those who offered concern and advice for my Gambling addiction, I did seek advice after hitting rock bottom some time ago and I am pleased to say I am in much better please since doing so. There is a lot of help out there but the hardest part is reaching out.

Interesting to read that so many of you have an opinion on the situation, especially when this is an “advice” based forum not “point your moral compass and shoot” based forum. Although interesting to read I will be disregarding.

Best wishes and who knows we may meet again on another post!

P.s @ Boo_star I do hope your Jaw is no longer agape, as I’m sure it will be aching (or maybe not). Stay happy.

Best,

Jack

WOW typical tantrum after not being told what they want to hear... sorry of course you have been wronged by the bank, how dare they believe the fraudulent answers YOU gave in your application.

Rather than blame others for your misfortunes, perhaps it’s time to start owning your mistakes... personal growth is a wonderous thing!

boo_star

Bermonia wrote: »

WOW typical tantrum after not being told what they want to hear... sorry of course you have been wronged by the bank, how dare they believe the fraudulent answers YOU gave in your application.

Rather than blame others for your misfortunes, perhaps it’s time to start owning your mistakes... personal growth is a wonderous thing!

Where there's blame there's a claim. Hopefully it's Nationwide blaming the OP for their fraudulent application and going to the Police.

[Deleted User]

I'm sure it won't be long until all lenders go to a guarantor model!

After 6 loans during 2014 - 2017 with the same lender, I did wonder on the fairly recent decline on an honest application, if I should join the compo queue with a well you declined me - until I learnt who they consider their competitors and then it made sense.

Unfortunately I've bigger and better problems, £700 odd in charges on a debt that was orginally £1000 and that's with paying towards it ~ no one seems to mind that, there's no help unless I had a payday loan reclaim.

Perhaps apply for a job with NW and see life on their recently upped starting salary (it use to be less) of 17k.

Recently working in a non-air conditioned hotel with no lift just steep stairs and oh we love to hand out parking charges notices too; there was a guest who had had a stroke who was just so positive in life and climbing the hotel stairs compared to the younger ones who complain even when you tell them on booking, we've no lift. :cool: