Worringly Easy to get a Loan

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....

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]

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

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

Originally Posted by neio79

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










Well, that's what a mortgage is basically, debt.

[anna]

nope I think of a mortgage as I pay rent and at the end of the day the nice people give me a house

Originally Posted by anna

nope I think of a mortgage as I pay rent and at the end of the day the nice people give me a house

That's a bloody short rental agreement!

Originally Posted by neio79

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.