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  • FIRST POST
    • GBbusines
    • By GBbusines 9th Nov 17, 2:02 PM
    • 1Posts
    • 0Thanks
    GBbusines
    Is there a legal time frame loans companies must reply to loan applications.
    • #1
    • 9th Nov 17, 2:02 PM
    Is there a legal time frame loans companies must reply to loan applications. 9th Nov 17 at 2:02 PM
    Good afternoon, I need to know is there a legal time frame loans companies must reply to loan applications in the United Kingdom?

    So if a person applies for any type of loan (e.g. business or personal) is there Legislation or case law precedents that provide a time frame which companies have to answer by?
Page 1
    • IAmWales
    • By IAmWales 9th Nov 17, 2:05 PM
    • 1,860 Posts
    • 3,927 Thanks
    IAmWales
    • #2
    • 9th Nov 17, 2:05 PM
    • #2
    • 9th Nov 17, 2:05 PM
    No, there is not.
    • Arleen
    • By Arleen 9th Nov 17, 2:11 PM
    • 1,150 Posts
    • 863 Thanks
    Arleen
    • #3
    • 9th Nov 17, 2:11 PM
    • #3
    • 9th Nov 17, 2:11 PM
    Nope, there is no limit on that.
    • robber2
    • By robber2 9th Nov 17, 11:08 PM
    • 353 Posts
    • 297 Thanks
    robber2
    • #4
    • 9th Nov 17, 11:08 PM
    • #4
    • 9th Nov 17, 11:08 PM
    No legal requierment to even bother replying to you if they choose not to bother.
    • Richey_
    • By Richey_ 10th Nov 17, 6:12 AM
    • 323 Posts
    • 376 Thanks
    Richey_
    • #5
    • 10th Nov 17, 6:12 AM
    • #5
    • 10th Nov 17, 6:12 AM
    It!!!8217;s their money!!!
    • StopIt
    • By StopIt 10th Nov 17, 7:41 AM
    • 1,394 Posts
    • 1,250 Thanks
    StopIt
    • #6
    • 10th Nov 17, 7:41 AM
    • #6
    • 10th Nov 17, 7:41 AM
    No, because the decision making process may involve in depth checks, especially for business loans, for example.

    In debt and looking for help? Look here for the MSE Debt Help Guide.
    Also, If you need any free and impartial debt advice, the National Debtline, Stepchange, and the CAB can help.
    • bris
    • By bris 10th Nov 17, 5:41 PM
    • 7,729 Posts
    • 6,715 Thanks
    bris
    • #7
    • 10th Nov 17, 5:41 PM
    • #7
    • 10th Nov 17, 5:41 PM
    Well if you haven't heard then the answer is no.
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