Danielle24
Registered User
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I'm a bit confused now. Do you still own them money? How much? Is it overdue? Are you looking for a further loan now?Basically i've been with credit union for about 8/9 years. I've cleared a large amount of loans with them, however they're still insisting I need a guarantor if I want a loan with them. They keep saying when you clear this loan etc, however I cleared my last loan bar one payment as needed to top up at the time and they still wanted a guarantor. I haven't missed a payment with them in about 6 years but they're still saying well there's a history on the account. Is this normal? I know they're gone very strict but it seems OTT.
Bizarre. How close a relative are we talking about?They phoned me before about a relatives account who owed them money and have also mentioned when i've gone in to them, and it was mentioned that this could affect me.
I'm a bit confused now. Do you still own them money? How much? Is it overdue? Are you looking for a further loan now?
Bizarre. How close a relative are we talking about?
Hi,
They keep saying when you clear this loan etc, however I cleared my last loan bar one payment as needed to top up at the time and they still wanted a guarantor. I haven't missed a payment with them in about 6 years but they're still saying well there's a history on the account. Is this normal?
They phoned me before about a relatives account who owed them money and have also mentioned when i've gone in to them, and it was mentioned that this could affect me.
Thanks Slim.
I've had loans pretty much constantly in that 6 years for various different reasons. I have not missed on payment since then. I'm not a guarantor for the relative and have not been at their residence for about 7 years. I have also being working for 10 years and have a good job/salary at the moment. I just feel so frustrated with their carry on. I got quiet annoyed with the girl on the phone this morning and the same when they rang about relatives account, threatened to close my account if they didn't take my name off their account as a contact etc.
Contacting the OP about a loan that's nothing to do with her seems very odd. Surely there are issues of confidentiality for the other party, not just the OP?
Hi,
Not sure where to post this, feel free to move etc if not appropriate for here.
Basically i've been with credit union for about 8/9 years. I've cleared a large amount of loans with them, however they're still insisting I need a guarantor if I want a loan with them. They keep saying when you clear this loan etc, however I cleared my last loan bar one payment as needed to top up at the time and they still wanted a guarantor. I haven't missed a payment with them in about 6 years but they're still saying well there's a history on the account. Is this normal? I know they're gone very strict but it seems OTT.
They phoned me before about a relatives account who owed them money and have also mentioned when i've gone in to them, and it was mentioned that this could affect me.
Its so humiliating to have to ask people, i'm a proud person and don't like to rely on people for anything.
Insane indeed - ask for them to give you this in writing, and when they refuse, let them know that they have shot themselves in the foot.They said this could affect me applying for a loan in the future which to be honest I think is insane.
Contacting the OP about a loan that's nothing to do with her seems very odd. Surely there are issues of confidentiality for the other party, not just the OP?
. Anyways there's a credit union in another town nearby which I would probably be allowed to open an account in as I am not based in either town just outside them, so i'm gonna open one with them and start saving for a loan with them and clear with the other CU.
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[/FONT]2.5 In general, further credit must not be granted where a loan has been rescheduled.
CUs must be more prudent nowadays regardless of the customers previous credit history, due to new regulations introduced.
The above may not be in the OPs case, but it reflects how CUs are operating in these times.
And that's all only right and proper. It should never have been any other way.
They keep saying when you clear this loan etc, however I cleared my last loan bar one payment as needed to top up at the time and they still wanted a guarantor.
Its so humiliating to have to ask people, i'm a proud person and don't like to rely on people for anything.
But you said above that you had not paid back the loan.
Also seem to remember that in previous threads you had money management issues. You have to ask yourself, did I clear all prior loans with the credit union as per the original agreement, if you did not, notwithstanding that you did eventually clear the loans then you do not have a good credit history. And it's not a good credit history to continuously borrow to spend no matter.
Where is the humiliation? Don't see this anywhere? If it's too difficult to ask a guarantor then how about going the old fashioned route of saving and then spending when you can afford it.
The loan i'm applying for is for college fees not "spending".
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