18 year gets old bank loan

DaisyClaire

cameron_milne wrote: »

Nice one, quite a few grammer and spelling errors in the whole thread see if you can spot them all while your doing nothing !

D minus
See me

danielle24

cameron_milne wrote: »

I suppose they will appreciate the publicity.

As a journalist I can say with confidence that this won't make the papers. Not even remotely newsworthy.

If you are going to come on here and ask advice - LISTEN to the advice, even if it is not what you want to hear.

Kavanne

I wanna know what he spent it on too.. obviously something he can't sell to repay the loan! He would have had to tell the bank the purpose of the loan before he applied... and that can affect the outcome off the app. you know.

danielle24

cameron_milne wrote: »

Nice one, quite a few grammer and spelling errors in whole thread see if you can spot them all while your doing nothing !

Pots and black kettles come to mind.

Edinburghlass_2

cameron_milne wrote: »

You chose to miss the point or you cant see it cos' you are to intent on preaching and moralising the fact is an 18 year old borrowed £5000 without a credit record and a regular income stream from a mainstream bank there must be something wrong if that can happen in this day and age no matter what info he gave the bank surely they have a duty of due diligence. You dont have to reply if you are going to tell me what a naughty boy he is again in a diifferent way I already know that

I'd suggest your son has a "duty of due diligence" to tell the truth.

Bamber19

TAG wrote: »

What he spent the money on is not irrelevant at all

Exactly, did he spend it on guitars, a car, computer, television? A good start would be to sell these things and use the cash in repayment of the loan, but have the audacity to ask this and you're simply interfering (How exactly can one help without interfering at all?) or did he spend it on drink and nights out, then teach him a bloddy lesson about using money for the right things.

There's really no point in running away from this and acting like it's the banks fault when all, or the majority at least, of the blame lies on the 18 year olds shoudlers. The banks duties aside, applying for a loan that you have no way of paying back is pretty stupid and he msut have known it would come to this, although maybe he's learned that it would be easy to blame someone else at the time and Daddy would agree with him.

cameron_milne

Ive listened to Martin Lewis on Radio 2 and although he can be quite brash and forthright I have always considered his advise to be sound and realistic not patronising or insulting in any way to the point and informative. Thats all I was looking for perhaps some of you should take a lesson from his book, most of you have been caught up in the emotion of this issue, preaching and moralising, I'll say it again I am looking for advice and perhaps a straw to cling to that can get me out of this mess, but I think I'm barking up the wrong tree. There must be another way I appreciate what you are all saying but I know all that dont need to hear it over and over again !

standupguy

If we go back to the start, this thread was all about whether the bank has acted reasonably in agreeing this loan.

The comment was " My son turned 18 in October last year, he left school and has had several jobs labouring, semi skilled etc bu t no permanent. I found out recently that he had borrowed a sum in the region of £5000 from The Royal Bank of Scotland.

I do not think a loan would have been granted if he said he had just left school and had no permanent job but wanted to borrow £5000.

This boils down to what he had told the bank to get a loan?

I am sure you will be finding this out?

prudentsaving42

cameron_milne wrote: »

Ive listened to Martin Lewis on Radio 2 and although he can be quite brash and forthright I have always considered his advise to be sound and realistic not patronising or insulting in any way to the point and informative. Thats all I was looking for perhaps some of you should take a lesson from his book, most of you have been caught up in the emotion of this issue, preaching and moralising, I'll say it again I am looking for advice and perhaps a straw to cling to that can get me out of this mess, but I think I'm barking up the wrong tree. There must be another way I appreciate what you are all saying but I know all that dont need to hear it over and over again !

Don't you get it?? It's not your mess. Let him get out of it, if you rectify the problem for him (the only possible way is repaying or declaring insanity) he'll do it again because mummy will get him out of the mess.

Bamber19

cameron_milne wrote: »

Ive listened to Martin Lewis on Radio 2 and although he can be quite brash and forthright I have always considered his advise to be sound and realistic not patronising or insulting in any way to the point and informative. Thats all I was looking for perhaps some of you should take a lesson from his book, most of you have been caught up in the emotion of this issue, preaching and moralising, I'll say it again I am looking for advice and perhaps a straw to cling to that can get me out of this mess, but I think I'm barking up the wrong tree. There must be another way I appreciate what you are all saying but I know all that dont need to hear it over and over again !

There's a vast difference between advice on a radio show and direct advice to a person. When you're getting direct advice you're always going to find it more personal, and take offence to it, especially where you've already got a fixed idea in your head of who is in the right and who is in the wrong, and every single person disagrees with you.

The other thing is that this is typed, not spoken, so the tone that each message is interpreted in is up to you, you may be thinking some posts are more patronising than they intend to be, simply because people don't always type in a conversational manner, or because you're reading between the lines and adding a condescending tone to the posts that simply isn't there.