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Posted: Thu Jun 19, 2014 3:20 pm
by andrewgoodman121
Hi,
Post IVA and i have took the plunge to ask for a small loan from Tesco Bank so we can get a new car.
I want no other credit especially credit cards but i have applied and gone all through their criteria and it has been agreed in principle and are sending me paperwork out.
I have never heard of this before but what does it mean.
I have a cleaned up credit report with no defaults and am wondering have i got it or not.
Posted: Thu Jun 19, 2014 3:35 pm
by Shining
I think and stand to be corrected it means based on the information provided so far it looks ok but could still be declined (maybe they have other checkd to do).
Posted: Thu Jun 19, 2014 3:43 pm
by Michael Peoples
As Lesley says it means based on the information provided they will lend. However, they may ask for back up such as wage slips, I.D. and proof of residency but I think you will be okay. Let us know.
Posted: Thu Jun 19, 2014 5:18 pm
by andrewgoodman121
It may be because my credit file is so clean with no credit cards or loans they want proof that i am who i am.
Basically a Credit Report as if i was eighteen again
Posted: Thu Jun 19, 2014 5:41 pm
by sponge
It's clean maybe, but it will have six years of clean and by your reckoning that makes you forever 24 as it rolls over, year on year, on a six year margin. If only...
Posted: Sun Jun 22, 2014 3:51 am
by luluj
Looks promising Andrew ... let us know how you get on x
Posted: Sun Jun 22, 2014 7:52 am
by Adam Davies
Hi
I think it all looks very positive
Well done and keep us all updated
Regards
Posted: Sun Jun 22, 2014 5:52 pm
by Shining
Hopefully a positive outcome.
Posted: Wed Jun 25, 2014 9:21 pm
by Hair_bobbles
Hi andrew,,,been tentatively following your last couple of threads....is money in the bank & a new set of wheels been purchased??
Posted: Wed Jun 25, 2014 9:40 pm
by MelanieGiles
Brilliant news - and as a former client of mine I am so pleased to see your financial rehabilitation almost complete. Best of luck!