Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • mikoberts
    • By mikoberts 12th Apr 18, 1:32 PM
    • 1Posts
    • 0Thanks
    mikoberts
    Not taking an offered loan
    • #1
    • 12th Apr 18, 1:32 PM
    Not taking an offered loan 12th Apr 18 at 1:32 PM
    Hello
    Can anyone advise is my credit rating/score will be affected if I choose not to take up a loan that has been offered to me/ Essentially I applied for a loan, was approved but now things have changed and I don't need the money. I haven't signed the offer/acceptance paperwork yet so still have the 14 day cooling off period.
Page 1
    • redpete
    • By redpete 12th Apr 18, 1:48 PM
    • 4,268 Posts
    • 3,793 Thanks
    redpete
    • #2
    • 12th Apr 18, 1:48 PM
    • #2
    • 12th Apr 18, 1:48 PM
    No. Any minor effect by applying will already have happened.
    Last edited by redpete; 12-04-2018 at 1:51 PM.
    loose does not rhyme with choose but lose does and is the word you meant to write.
    • PeacefulWaters
    • By PeacefulWaters 12th Apr 18, 1:49 PM
    • 8,318 Posts
    • 10,667 Thanks
    PeacefulWaters
    • #3
    • 12th Apr 18, 1:49 PM
    • #3
    • 12th Apr 18, 1:49 PM
    Other than the search, nothing will show on your credit file.
    • jonesMUFCforever
    • By jonesMUFCforever 12th Apr 18, 5:07 PM
    • 25,092 Posts
    • 12,347 Thanks
    jonesMUFCforever
    • #4
    • 12th Apr 18, 5:07 PM
    • #4
    • 12th Apr 18, 5:07 PM
    Just make sure you tell them that you no longer wish to proceed BEFORE they advance the monies.
    What goes around - comes around
    give lots and you will always receive lots
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,124Posts Today

8,726Users online

Martin's Twitter
  • Ta ta... for now. This August, as I try and do every few yrs, I'm lucky enough to be taking a sabbatical. No work,? https://t.co/Xx4R3eLhFG

  • RT @lethalbrignull: @MartinSLewis I've been sitting here for a good while trying to decide my answer to this, feeling grateful for living i?

  • Early days but currently it's exactly 50 50 in liberality v democracy, with younger people more liberal, older more? https://t.co/YwJr4izuIj

  • Follow Martin