Post Office Loan

cheekykid

Made an application, got approved for 9.9% instantly and received an email that says "Congratulations – you’ve signed your loan agreement electronically, subject to final checks your money should be on its way to your bank account.
That’s it for the application – just sit back, relax and your money should be in your account within three working days."

That was on Friday 1/11/19. I haven't received any letter or anything since.

I wonder if/when am going to be paid? Anyone has similar experience with them?

[Deleted User]

Give them a call for an update.

Ebe_Scrooge

cheekykid wrote: »

Anyone has similar experience with them?

As ZX81 says, give them a call.

But I had a run-in with them a few years ago. If it's still the same, it's actually Bank Of Ireland that provide the loan - the biggest bunch of useless cockwombles I've ever had the misfortune to deal with. It's fine as long as there are no queries or anything, but if anything occurs that means you are forced to contact them, be prepared for a long and painful uphill struggle. I will never use them again as long as I live. I won't go into details, but suffice to say it took a Citizen's Advice paralegal (who I can't praise highly enough) to get them to get their act together and do what they were legally obliged to do, yet repeatedly denied responsibility for. They didn't even understand the relevant piece of legal legislation.

<rant over :-) >

cheekykid

I wouldn't mind and might just ditch them if they don't get back to me, it's just that I now have got a hard check against my credit file for no reason and I hope this won't affect me if I apply elsewhere.
I have had more than a year to do any sort of application that would result in a hard check though.

cheekykid

After being accepted electronically and all that, today I got a letter that I was rejected. Go figure.

Weybridge78

cheekykid wrote: »

After being accepted electronically and all that, today I got a letter that I was rejected. Go figure.

Considering the provider, I'm not surprised at all. I know someone who was accepted for a PO credit card online, received the card, couldn't use the card, then found out that PO had cancelled her agreement without telling her...