Sunday, Sep 26, 2010
Voldemort banking: refusing a loan is a dark art
Mirror: Stable job, savings.. so why can't we get a mortgage?
Banks are using “dark arts” to find ways to refuse mortgages to hard-working families. A Sunday Mirror investigation has revealed buyers with stable jobs and savings have been knocked back with little explanation, or obscure reasons such as having hand-written payslips. One young father even claims he was rejected two days after the birth of his second child when HSBC decided that it might make his childcare costs too expensive. Mortgage experts told the Sunday Mirror banks routinely “tweak” their credit scoring systems and hide behind data protection laws.
Posted by quiet guy @ 09:58 AM (1619 views) Add Comment
6 Comments
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1. bystander said...
I find it very telling that in the middle of the article there appears an advertisement for a green card lottery to work in America. With 8 million extra unemployed since 2007 the USA is definitely the place to go to start a new life:0) If reality hurts in the UK why not give LaLa land a go?
2. hpwatcher said...
Dark art?
Where is the art in telling someone to p1ss off?
3. tenyearstogetmymoneyback said...
Probably the same reason Kerry Katona isn't in a position to start lending people money.
Many of the banks would be bankrupt if it wasn't for the Government loans (which they will soon
have to start paying back).
4. tenyearstogetmymoneyback said...
hpwatcher.
Love the sketch. The comments below it are worth reading as well.
5. Crunchy said...
2. hpwatcher said...Dark art?
It's the occult art of inflation followed by deflation. They have been at it for a very long time.
"Order out of chaos." The concept is becoming tired and worn out and not as occult as it used to be.
The seeing of the bank!
6. inbreda said...
my god - when was that recorded 1982? Or was it in the alst week?!