Irresponsible lending

Cool_catz

im not sure if this counts as irresponsible lending case. I have bipolar and was unwell at the time of taking out a loan. I was given a £6000 loan with £8200 to pay off including Interest. I was a monthly payment of £339 over 2 years. I managed to pay 3 months of this but ended up in Korea debt using credit cards etc. they ran a credit check and phoned me because I said I had bipolar. They asked If I was able to manage this loan which I had agreed I could. apart from the credit check there wasnt any bank statements etc looked into. does the credit check and telling them I was able to pay this go against a irresponsible lending complaint. Or will having no bank statement checks count? If thry had seen my account you can see that there wasnt enough each month to show it was manageable plus it also shows completely reckless spending ie hundreds of pounds on gambling sites 

CliveOfIndia

Lenders do not always require sight of bank statements in order to reach their decision - many will do it based upon data contained in your credit file, along with information you supply as regards income.

Cool_catz said:

They asked If I was able to manage this loan which I had agreed I could

On that basis, what reason would they have to believe you couldn't pay it?

Cool_catz said:

I have bipolar and was unwell at the time of taking out a loan.

Did you specify this on the application form at the time you took out the loan?  If not, the lender would have no reason to think there would be any issue.

Isthisforreal99

Presumably you had an income at the point of application?