View Full Version : Worringly Easy to get a Loan
454697819
24-04-07, 01:06 PM
For Various reasons i need to swap my personal loan,
I have applied to my bank Lloyds TSB online and had the money 4 minutes later.....
Yes 4 Minutes... (if that, i went to make a cuppa tea)
NO filling in of forms no double checks just how much do you want and how long sir....
Thats just Silly.. Surley....
I know LLOYDSTSB got into trouble last year for lending money ppl couldnt afford but i didnt realise it was quite that ewasy to get money from your bank...
im shocked stunned and disgusted and gratefull all at the sime time....:confused:
When I took out a personal loan, I jumped through about a million hoops.
But then, I had no credit history whatsoever.
the_lone_wolf
24-04-07, 01:28 PM
i thought it might be tricky for someone like myself with little or no credit history to get finance for my SV...
yes sir, no sir, three bags full sir and 5 minutes later it's all approved:eek:
I think actually they like people at higher risk over people who they know can pay it back as then there is a better chance they can make money from defaulters and late charges etc, the more you borrow the more they make , ergo they love it.
Nat west must f**king hate me never gone overdrawn and always paid my credit card ballance off in full every month, they dont really get to make much out of me
454697819
24-04-07, 02:16 PM
I think actually they like people at higher risk over people who they know can pay it back as then there is a better chance they can make money from defaulters and late charges etc, the more you borrow the more they make , ergo they love it.
Nat west must f**king hate me never gone overdrawn and always paid my credit card ballance off in full every month, they dont really get to make much out of me
Like wise with lloyds, i only ever have one personal loan at a time that is well within my remit to repay.
i hate how scary money can be.
yep apart from the one loan i have, there is nothing i cant cancel and save money per month if the sh*t hits the fan finacially. I agree maney can be scary and so can debt.
I never buy things i cant afford or save for (car bike obvious exeptions), by that i mean i dont shop on credit cards. I only pay for my AOL on Credit card and like i said that is paid off every month (all of £20) you can see why natwest hate me now;)
Sometimes i watch these programs where people are in debt for tens of thousands, and think my god how do you let yourself get into a situation like that and then bury your head in the hope it will go away!
I'm in debt to the tune of roughly £170,000 :D
Well, that's what a mortgage is basically, debt.
nope I think of a mortgage as I pay rent and at the end of the day the nice people give me a house ;)
nope I think of a mortgage as I pay rent and at the end of the day the nice people give me a house ;)
:shock: That's a bloody short rental agreement! :lol:
how do you let yourself get into a situation like that and then bury your head in the hope it will go away!
You make a mistake, and then try to put it right - but sometimes that involves making another mistake and compounding things. Also, unless you're in a position where you can talk to people around you about what's going on, you can struggle alone and that's when things go wrong.
You'd be surprised how quickly you can go from in-control and fine to not daring to open your bank statements, not answering the phone, and lying awake all night.
You don't have to be an idiot, you don't have to be stupid - you just need to make a mistake or two. I'm an intelligent guy, with a good job, a mortgage, and a reasonable salary. These days I enjoy the money I have spare, and no more. To some people I probably come across as a proper flash git, but anything I have I probably bought with someone else's money. That stopped six months ago. I now live within my means and no more, but it's a struggle for me every month - but now I don't have credit cards I can't spend what I don't have.
I can guarantee I'll be driving the same car and living in the same house for at least the next four or five years.
Cloggsy
24-04-07, 03:24 PM
TSB aren't the cheapest people to loan money off either...
Check here (http://www.moneysupermarket.com/loans/) ;)
Or is it too late :?: :oops:
I got into all manner of issues to the tune of £60 on nothing, and that was very easy to get credit. Im now on the road to recovery, but no credit whatsoever and its a tough road
I got into all manner of issues to the tune of £60 on nothing, and that was very easy to get credit. Im now on the road to recovery, but no credit whatsoever and its a tough road
60 quid?
Hardly debt is it?
60 quid?
Hardly debt is it?
:lol:
Ok, i'll try to add the letter £60k..now, that better?
fizzwheel
24-04-07, 03:36 PM
Ok, i'll try to add the letter £60k..now, that better?
holy cr*p !!!
:lol:
Ok, i'll try to add the letter £60k..now, that better?
:wink:
Glad you are on the way back though mate.
454697819
24-04-07, 03:44 PM
TSB aren't the cheapest people to loan money off either...
Check here (http://www.moneysupermarket.com/loans/) ;)
Or is it too late :?: :oops:
needed the money quickish any way rate is 7.7% which is bad bearing in mind the loan im paying off with it is 5.9%
i could have got 6.3% but it takes 10 working days...and tbh the 1.4% difference on what im borrowing and what it costs per month differnce is kall of nowt,, and there is nothin to stop me re financing it 6 months down the road.
IV been cheeky any way borrowd £7500 to get 7.7% and immediatly paid back £2500 i dont need. otherwise they wanted to offer me 15.9%.. oh how i laughed... snot agains thier T's & C's Either
454697819
24-04-07, 03:47 PM
You make a mistake, and then try to put it right - but sometimes that involves making another mistake and compounding things. Also, unless you're in a position where you can talk to people around you about what's going on, you can struggle alone and that's when things go wrong.
You'd be surprised how quickly you can go from in-control and fine to not daring to open your bank statements, not answering the phone, and lying awake all night.
You don't have to be an idiot, you don't have to be stupid - you just need to make a mistake or two. I'm an intelligent guy, with a good job, a mortgage, and a reasonable salary. These days I enjoy the money I have spare, and no more. To some people I probably come across as a proper flash git, but anything I have I probably bought with someone else's money. That stopped six months ago. I now live within my means and no more, but it's a struggle for me every month - but now I don't have credit cards I can't spend what I don't have.
I can guarantee I'll be driving the same car and living in the same house for at least the next four or five years.
Absolutley
My brother is in a terrible state not all his fault a lot of it was "life" that he had no control over, divorced at 19 (not his choice), left uni struggled to sort things out since really. hes not think or stupid but just unlucky and maybe made one or two bad descissions.
Nowt i can do though,,,
:lol:
Ok, i'll try to add the letter £60k..now, that better?
OMG :shock: glad your on the road to recovery matey
when i was married, my ex had a good job and people kept throwing credit cards at us. we kept swapping and intended to cut up the old cards but never did. when we split we luckily had the house to sell which cleared nearly all the £75k debt
now a single mum and could do with credit to live and no one will give me a penny so i had had to learn to adapt and get on with living within my means.
hard lesson but getting there.
Filipe M.
24-04-07, 04:43 PM
Banks only lend money to those who prove they don't need it.
petevtwin650
24-04-07, 06:09 PM
Had 11 credit cards, not store cards, but credit cards. My second wife had a very good job, about 5 times or more my income. We had a detached house, double garage in Surbiton. Well ,of course, it ll went t*ts up and I left. Rented room and crappy job. Still 11 cards though and a perfect credit record. In the end, although I was taking out of my bank account more than my meagre salary in, my bank was given me PRE-approved loans, and the card limits were being raised regularly.
So here I am. £90,000 plus in debt. No house, or assets. 3 CCJ's so far and agreed payment plans to the rest of the creditors, like £5 a month to Amex (£9,500 owed). But I'm happy. Can't get finance now, Phew!
So no complaints from me c'ept to say that the financial institutes do make it very easy to get into serious debt, although,obviously, nobody forced me to take the money!
wow you have made me feel good. but its true money does not buy happiness, saying that i could cope with being miserable in comfort lol
timwilky
24-04-07, 09:26 PM
Well the nicest feeling I ever had was when I walked into my building society to make my mortgage redemption payment. I was worried through the first 10 years of my mortgage that I might not be able to afford it and then for the next 5 years I knew I couldn't as the kids got more expensive.
So for me, My payments on the daughters flat finish in September. A personal loan that I took out 2.5 years ago finishes in October and whoo whoo I will be £750/month better off come November.
Scares me that I am now looking to buy a holiday home somewhere.
DanAbnormal
25-04-07, 11:03 AM
At the age of 18 I discovered 'credit'. One year later I was over £30'000 in debt and had almost nothing to show for it. I was young and stupid and the bank loved me (for a while). 11 years on I now have a squeaky clean credit rating, in fact they tell me it's 90% higher than most other's, although that's nothing to shout about seeing as the majority of people are in dire straits. Basically, I met my wife and she sorted me out.
Basically, I met my wife and she sorted me out.
Steady on!
DanAbnormal
25-04-07, 11:10 AM
Steady on!
Oh yeah and she helped out with money troubles too............
Fnaaaar!:D
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