Have lenders changed their eligibility criteria?

Nasqueron

Superhoopza said:

Nasqueron said:

Minimum payment will be a % OR a fixed fee so if they theoretically borrowed 5k it would be probably be 1% minimum (rather than £25 a month) i.e. it would be £50 a month

That was included in my calculation.

Nasqueron said:

Regardless, I am not doubting numbers, but rather if they have had 2 years at 0% and are needing to BT again after 2 years, it's highly unlikely they have been making substantial payments - £208.33 a month would have cleared £5k in 2 years for example which isn't that much particularly vs say paying interest on the balance before the BT was done

You said it was perfectly reasonable to make a judgement that only minimum payments were made. Which was not correct. Now you're changing the narrative to substantial payments.

It's a classic example of people on here being judgemental before finding out facts. It was reasonably to ask the question, like others have, of what payments have been made before people jump in with unfounded statements and others back them up before facts are known.

I am not sure why you feel the need to create something out of nothing particularly based on a misreading of posts on here.

Hoenir said they only made minimal (not minimum) payments in their comment.
You asked how they came to that conclusion
I said that it was a fair assumption based on the fact they need to do a BT again after a 2 year deal ran out. This is a logical assumption however, as (using fictitious data) someone with say a 5k debt who needed to do a BT at the end isn't likely to have 50p left to payoff and BT. The same if there was a 10k debt or even a 1k debt and they were a low earner

Thus in answer to your post, it is fair to assume they have NOT been making substantial payments and thus minimal (not minimum) if they have sufficient balance left after 2 years that they are in need of another BT to pay off the remaining balance 

Looking at their post history, it may well be we get an answer in a month or even 9 years

I am not interested in continuing a debate on this matter, without any numbers no-one could say definitively what OP has done

Superhoopza

Nasqueron said:

I am not interested in continuing a debate on this matter, without any numbers no-one could say definitively what OP has done

Thanks for confirming my point. We don't know without further information, so that should be asked for and without it judgements not made.

As you tried to be pedantic, that was not so smart:

First definition on google of minimal:

of a minimum amount, quantity, or degree; negligible:

RubyMax28

It could be linked to the fact that interest rates have gone up. The checks assess - amongst other things - your ability to make repayments so, even if you're income goes up, rate increases can result in a net negative position