GDPR Cookie Consent by SimpleServe Privacy Script Nat West Loans and Overdrafts - AAD Consumer Forum

Announcement

Collapse
No announcement yet.

Nat West Loans and Overdrafts

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Nat West Loans and Overdrafts

    I did a pre application for a Natwest loan (my son for a car,see my other threads) and it came up with APR 20.9%
    so I left it at that and said we can look at it in November.

    Now when I Log on to My banking it says you eligible for a loan with a 9/10 chance when I click on more info.

    I also have a "take out our Overdraft (even if you don't need it) you are Likely to be accepted for £3600'' message
    on my account and when I log out it reminds me.

    Now my point is are they fishing for new applications or have they viewed my account and said this guy can have
    these options. I have had the account for about 12 months and put about £1000 through it a month as it's not my main
    account, ive never gone near 0 balance.

    Since doing the pre application ive made no other ones or have any changes on my credit files.

    Anybody had any results on these messages?.

    Nick

  • #2
    Re: Nat West Loans and Overdrafts

    I've no idea nick0 as I'm not in a position to receive messages like that! Do you want the loan or overdraft?
    Let your smile change the world but don't let the world change your smile


    I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

    If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

    Comment


    • #3
      Re: Nat West Loans and Overdrafts

      I get similar - internal offers based on monthly feeds from CRA.

      My Natwest OD costs £6pm so if they offered a guaranteed OD then apply and it's there as back up. Their system is weird in that when you do the application, at the end it actually says we can offer £X overdraft. Click to accept blah blah blah

      * once approved its not instant. It appears within 24hrs.

      it wont hurt your credit file as no search is done. It's based on monthly feed data with CRA's.

      The loan, I have no idea. Guessing it could be offered based on feed but maybe a new CRA search will occur on submission. The OD doesn't ever search CRA's - it's 100% based on internal account conduct / incomings / monthly sharing feed with CRA's. What Apr is loan? If 20% that suggests a no as it's quite high. Something around their advertised rates is usually a sign of acceptance.

      Can you screen print the loan one - that'll help. If it says guaranteed then it won't be CRA searched at all.
      I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

      If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

      Comment


      • #4
        Re: Nat West Loans and Overdrafts

        Hi NIDDY,
        Ive just done the O/D and it says it will be available within 48hrs. I will then have a look at the loan
        option and print screen and drop you an email.

        Cheers

        Nick

        Comment


        • #5
          Re: Nat West Loans and Overdrafts

          My mate did a online application for a 7.5k loan with TSB (3 months ago) and was told 29.9% (SHOCKED),
          I told him that it would prob be a refusal BUT to call TSB and ask, it was referred whilst he was on hold and they
          asked him a few account payee questions and approved it. Now at 29.9% it is very high BUT as I said if he pays
          it for 12 months then he get a lower APR with either the same bank or another based on his payment record.

          Nick

          Comment


          • #6
            Re: Nat West Loans and Overdrafts

            Originally posted by nick0 View Post
            Hi NIDDY,
            Ive just done the O/D and it says it will be available within 48hrs. I will then have a look at the loan
            option and print screen and drop you an email.

            Cheers

            Nick
            Nice one. Did it offer the whole £3400 or whatever then? If so result. That's pretty good

            Should show as available already on your accounts. It's an overnight process
            I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

            If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

            Comment


            • #7
              Re: Nat West Loans and Overdrafts

              Originally posted by nick0 View Post
              My mate did a online application for a 7.5k loan with TSB (3 months ago) and was told 29.9% (SHOCKED),
              I told him that it would prob be a refusal BUT to call TSB and ask, it was referred whilst he was on hold and they
              asked him a few account payee questions and approved it. Now at 29.9% it is very high BUT as I said if he pays
              it for 12 months then he get a lower APR with either the same bank or another based on his payment record.

              Nick
              Thats nuts. Usually with TSB if it's higher than 20% it's a decline. But as you say if he's got a chance then he's in good stead for future borrowings
              I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

              If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

              Comment

              Working...
              X