I have jut come out of an IVA Credit History repaired with no defaults.
I have applied for a Car Loan with Tesco Bank online and after taking the plunge it has came up APRROVED IN PRINCIPLE!!! they want 1 months of Bank Statements and proof of address and ID signed by the Post Office as a self check before a decision is made.I have sent all this off.
I have already sent off the legal contract and everything else all signed.
What i want to know is why am i having to go through sending all this paperwork off and have i passed the credit checks when applying online or am i completely wasting my time as i am awaiting a final decision.
Does anyone know how all this works now as before it was straightforward.
What i want to know is have i got the loan or not!!!
Last edited by andrewgoodman121 on Fri Jun 27, 2014 4:47 pm, edited 1 time in total.
All online applications these days ( apart from to the likes of Wonga) require an ID check -- which is why they need the paperwork they have asked for.
Lenders are getting more stringent.
As long as there are no surprises I would think you will be getting the cheque soon.
Fingers crossed.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
