- Sun Sep 16, 2012 7:43 pm
Going to be somewhat cruel here, but a loan discussion is purely based on the information provided. If it fits the criteria then the loan is granted. So in this case if the computer say yes for a business start-up, then yes was the answer.
No it is not the responsibility of the business manager to vet people, that is what the computer does via the Credit Reference files, and again is based on the information you provided. As it is, you have indicated to us that you used an incorrect address, (your parents) had you have given your friends address, then it is very possible that the loan may have been refused.
But all that aside, as the law stands there are very few reasons why the loan should be set aside (written off) some include sever mental health issues being diagnosed and declared at the time, technical error in the loan procedure where the loan is issued to the wrong person, failure of the bank to comply with the Banking Acts (very rare), etc. But from what you have described none of the normal write off reasons seem to apply.
It may not be showing on your report if it was a business loan, as they often get ascribed to the business address rather than the individuals address, so in this case it may be associated with you at your shop address, unfortunately if the lender moves legal, such as a CCJ, then that normally re-associates the account with your current address, and links the business address to you.
If this is your only debt then I would advise you keep the repayments up, as that will avoid any court actions, but if the amount is to high, or there are multiple debts, then I would suggest giving one of the following three organisations a call, who specialise in dealing with these sorts of issues:PayPlan
: Is a national organisation with approaching 20 years of experience in dealing with all kinds of financial situations, no matter how bad they are.
Their advice and help starts with a simple phone call to 0800 280 2816 NDL:
Is an organisation that advises you on solutions that are available to you, you can contact them on 0808 808 4000CCCS
Is an organisation that advises you on available solutions with your financial problems. You can contact them on 0800 138 1111