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  • 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
    • 4,228 Posts
    • 3,764 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
    • 8,211 Posts
    • 10,464 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
    • 24,628 Posts
    • 11,866 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
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