Multiple Cash Withdrawals Showing On Bank Statement Applying For Loan

Dominic1234

Good afternoon, 

I'm just looking for some advice, I currently have a case with the Financial Ombudsman due to Unaffordable Lending claim against a loan company. This loan company requested to look at bank statements prior to issuing the loan. At the time of me getting the loan and the reason for getting the loan was consolidation due to gambling debts, I also had an existing loan and payday loans showing. 

My question is, on my bank statements there are multiple cash withdrawals showing running for consecutive days, some days £300 total others £500 in total, if these were to show as being done in a gambling shop then the loan wouldn't of been issued but due to them being cash withdrawals would that have the same reasoning? In my eyes it shows at the time I wasn't in a position to hold onto money and red flags should of been showing then. 

Any advice would be great, Thanks

[Deleted User]

The cash withdrawals themselves aren't an issue. It's about affordability, not payment mechanisms, and they'll have taken the view that you were more likely than not to repay them the debt.