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Loan Applications
Hi There
I am hoping for some advice here, the story is based on business however the overall theme is my loan situation. I required a business account, OD, 10K bank loans, Rent premises all of which required a credit check and got approved at the last hurdle my government funding fell through and will be reviewed again in 6months time. Now here is my question on the assumption that the bank won’t allow a stall on my OD and loan for 6months, my credit file has taking a hammering with these hard searches is the likelihood of being re-approved for these items low again? And mainly with the loan I know that future lenders will see that I have enquires for a loan but not took the offer despite being approved or if I don’t accept the 10K would it look to them like I have been rejected?
I hope this makes sense I’m just so frustrated at the moment having built up a good credit history over the years and it looks to have taking a beating with what should have been an amazing opportunity.
Thanks,
Paul
I am hoping for some advice here, the story is based on business however the overall theme is my loan situation. I required a business account, OD, 10K bank loans, Rent premises all of which required a credit check and got approved at the last hurdle my government funding fell through and will be reviewed again in 6months time. Now here is my question on the assumption that the bank won’t allow a stall on my OD and loan for 6months, my credit file has taking a hammering with these hard searches is the likelihood of being re-approved for these items low again? And mainly with the loan I know that future lenders will see that I have enquires for a loan but not took the offer despite being approved or if I don’t accept the 10K would it look to them like I have been rejected?
I hope this makes sense I’m just so frustrated at the moment having built up a good credit history over the years and it looks to have taking a beating with what should have been an amazing opportunity.
Thanks,
Paul
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Comments
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A search or two will have no significant impact.0
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SPAM reported.0
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Deleted now.....that'a a shame as I was about to request a log book loan for £100k on my Bugatti Veyron :cool:KatrinaWaves wrote: »SPAM reported."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
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