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  • FIRST POST
    • bamitscon
    • By bamitscon 5th Mar 18, 12:59 AM
    • 10Posts
    • 0Thanks
    bamitscon
    Loan Shark?
    • #1
    • 5th Mar 18, 12:59 AM
    Loan Shark? 5th Mar 18 at 12:59 AM
    So my friend sent me through £17.50, i clicked it and the "Reference" says "Loan Shark" is this bad? do i need to do something or not? ive been doing some research and it says how Loan Shark is bad etc etc, but will i be affected?
Page 1
    • forgotmyname
    • By forgotmyname 5th Mar 18, 1:59 AM
    • 27,204 Posts
    • 10,960 Thanks
    forgotmyname
    • #2
    • 5th Mar 18, 1:59 AM
    • #2
    • 5th Mar 18, 1:59 AM
    Dont worry you can take your friend to court and win £1,000,000,000 in compensation.
    Punctuation, Spelling and Grammar will be used sparingly. Due to rising costs of inflation.

    My contribution to MSE. Other contributions will only be used if they cost me nothing.

    Due to me being a tight git.
    • bamitscon
    • By bamitscon 5th Mar 18, 2:53 AM
    • 10 Posts
    • 0 Thanks
    bamitscon
    • #3
    • 5th Mar 18, 2:53 AM
    • #3
    • 5th Mar 18, 2:53 AM
    Nah honestly, give me a legit reply please lol
    • zx81
    • By zx81 5th Mar 18, 5:23 AM
    • 17,239 Posts
    • 18,326 Thanks
    zx81
    • #4
    • 5th Mar 18, 5:23 AM
    • #4
    • 5th Mar 18, 5:23 AM
    The reference he puts is irrelevant.
    • AnotherJoe
    • By AnotherJoe 5th Mar 18, 7:07 AM
    • 9,601 Posts
    • 10,673 Thanks
    AnotherJoe
    • #5
    • 5th Mar 18, 7:07 AM
    • #5
    • 5th Mar 18, 7:07 AM
    You can type anything in the reference, up to (IIRC 18 characters).
    Your friend could have put "pornography" , "sexual favours" or "gullible person"
    • HappyHarry
    • By HappyHarry 5th Mar 18, 8:29 AM
    • 634 Posts
    • 903 Thanks
    HappyHarry
    • #6
    • 5th Mar 18, 8:29 AM
    • #6
    • 5th Mar 18, 8:29 AM
    So my friend sent me through £17.50, i clicked it and the "Reference" says "Loan Shark" is this bad? do i need to do something or not? ive been doing some research and it says how Loan Shark is bad etc etc, but will i be affected?
    Originally posted by bamitscon
    It won't have any impact on you at all.

    If you had taken out a payday loan, then that could affect how future lenders might view you. However, that payday loan would be shown on your credit reports, which is where lenders will get their information from.

    The reference "Loan Shark" on an incoming payment to your account will not be reported on your credit files.

    That is quite funny though.
    I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.
    • nomoneytoday
    • By nomoneytoday 5th Mar 18, 1:00 PM
    • 4,750 Posts
    • 2,875 Thanks
    nomoneytoday
    • #7
    • 5th Mar 18, 1:00 PM
    • #7
    • 5th Mar 18, 1:00 PM
    I once lent a mate of mine £50 and put the reference in as "frilly knickers"
    • jonesMUFCforever
    • By jonesMUFCforever 5th Mar 18, 5:57 PM
    • 24,869 Posts
    • 12,054 Thanks
    jonesMUFCforever
    • #8
    • 5th Mar 18, 5:57 PM
    • #8
    • 5th Mar 18, 5:57 PM
    I volunteer in a place which helps people with benefit claims.
    Had a very nice lady come in wanting help - looking through her statement her boyfriend had sent her some money with the reference 'Thanks for the great sex'.
    What goes around - comes around
    give lots and you will always receive lots
    • Clive Woody
    • By Clive Woody 5th Mar 18, 10:18 PM
    • 4,460 Posts
    • 5,063 Thanks
    Clive Woody
    • #9
    • 5th Mar 18, 10:18 PM
    • #9
    • 5th Mar 18, 10:18 PM
    Your Experian score will go down to 997 which could potentially be catastrophic...

    Invest in gold and start stocking up on tinned goods ready for the apocalypse.
    Rugby Union - The Greatest Game
    • dealer wins
    • By dealer wins 5th Mar 18, 10:22 PM
    • 5,797 Posts
    • 11,065 Thanks
    dealer wins
    Needing to borrow £17.50 is a bit worrying, especially at your age!!
    Choose life
    • Richey_
    • By Richey_ 6th Mar 18, 1:15 AM
    • 323 Posts
    • 376 Thanks
    Richey_
    The last time I sent a friend money from a split meal I gave it the reference anal bleaching
    Unfortunately anal bleaching refund wouldnt fit
    • Blackbeard of Perranporth
    • By Blackbeard of Perranporth 6th Mar 18, 6:02 AM
    • 5,099 Posts
    • 30,627 Thanks
    Blackbeard of Perranporth
    Invest in bitcoins, they cannot fail.
    Commemorate Celebrate Inspire
    #RAF100 A century of service!
    • John-K
    • By John-K 6th Mar 18, 7:09 AM
    • 654 Posts
    • 1,016 Thanks
    John-K
    So my friend sent me through £17.50, i clicked it and the "Reference" says "Loan Shark" is this bad? do i need to do something or not? ive been doing some research and it says how Loan Shark is bad etc etc, but will i be affected?
    Originally posted by bamitscon
    Where does this habit come from of starting a sentence with so?

    It adds nothing, yet many people are doing it nowadays.
    • DCFC79
    • By DCFC79 6th Mar 18, 9:21 AM
    • 31,903 Posts
    • 20,091 Thanks
    DCFC79
    Where does this habit come from of starting a sentence with so?

    It adds nothing, yet many people are doing it nowadays.
    Originally posted by John-K
    It's the young generation, they speak like it too, its very annoying.
    • Mutton Geoff
    • By Mutton Geoff 6th Mar 18, 9:42 AM
    • 1,139 Posts
    • 1,243 Thanks
    Mutton Geoff
    Needing to borrow £17.50 is a bit worrying, especially at your age!!
    Originally posted by dealer wins
    OP never mentioned it was a loan, just money into their account.
    Compensations/Refunds from Banks & Institutions - £4,165 | Stooz Profits - £7,636 | Quidco - £4,014

    All with a big thank you to Martin and MSE.com from Mutton Geoff!
    • poppasmurf_bewdley
    • By poppasmurf_bewdley 6th Mar 18, 9:57 AM
    • 5,206 Posts
    • 5,327 Thanks
    poppasmurf_bewdley
    So my friend sent me through £17.50, i clicked it and the "Reference" says "Loan Shark" is this bad? do i need to do something or not? ive been doing some research and it says how Loan Shark is bad etc etc, but will i be affected?
    Originally posted by bamitscon
    Whenever I lent any of my kids any money, I always put 'Dad's Bank' as the reference.

    As a result, I have had to buy a banker's licence which cost £10 million quid, and I have to keep twenty squillion pounds as a reserve in my cellar!
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
    • wanderlust35
    • By wanderlust35 17th Mar 18, 7:19 PM
    • 8 Posts
    • 3 Thanks
    wanderlust35
    I transferred money to a friend’s bank account under the title “money for crack”. Don’t think she found it as funny as I did
    • jonathon
    • By jonathon 18th Mar 18, 9:28 PM
    • 713 Posts
    • 225 Thanks
    jonathon
    when my step daughter borrows money the reference is pain in the !!!!
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