Jump to content

 

BankFodder BankFodder


Nottingham2013

Do lenders contact employers/are they allowed to?

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2125 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Do lenders do this, I'd hate to think everytime I make an application they are discussing it with my bosses!?

Share this post


Link to post
Share on other sites

Some do and yes if you supply them with details and authority at application stage.

Share this post


Link to post
Share on other sites

If it is for a large amount of money or a secured loan, then yes. If it is for a small sum, then really theres no reason at all for them to contact the employer.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites

Off what I have found it seems they are not allowed to under the data protection act. Having to provide payslips when applying for a mortgage suggests they are not allowed to contact them themselves.

Share this post


Link to post
Share on other sites

Some creditors are allowed and will contact an employer. Like i said, if it is for a large amount of money or a mortgage, a lot of lenders will contact the employer to confirm the payslip details, as payslips can easily be forged, as well as a lot of companies providing payslips online only.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites

Would they have to make it blatantly clear on the application that they will be contacting them?

Share this post


Link to post
Share on other sites

They should do yes. Usually something like " As part of our procedures, your employer may be contacted in order to verify the information you have provided to us."

 

They cant simply contact them with no info to you.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...