Accepted in principal…..

Anyone been accepted in principal by FML then sent their docs of and then been declined??? Just wondering what they look at when they ask to see bank statements?

I was declined at first but then they accepted me for a lower amount, just hoping they still accept me after sending my docs. Xx

Hi deedee, I’m going to try & use FML next week and was wondering how much you wanted to borrow the first time & how much the second time once you decreased the amount??

Got a funny feeling no matter how much i ask for they going to decline as i work PT so have a low income?

I’ve tried a couple of banks with decent APR but still no joy!!! X

Yea I made the mistake of applying else where first too! I originally asked to borrow 3k but got declined cuz I don’t have a garantour then they’ve offered 2k but I gotta send them pay slips and bank statements but I don’t know what they’re looking for? Just pray to god they definitely accept!!! Xx

When they ask for bank statements then they’re basically wanting proof of your income (steady income) I guess. I hope it works out for you x

Aww, i hope they accept you this time around…

Do you have the other part of the money saved??

How much do they want you to pay back over the months( do you mind me asking?)

I have my first consultation next week and i don’t want to go not knowing how I’m

Gonna pay for it!!! struggling for ideas at the mo!! Im so desperate for boobies!!! Xxx

Aww, i hope they accept you this time around…

Do you have the other part of the money saved??

How much do they want you to pay back over the months( do you mind me asking?)

I have my first consultation next week and i don’t want to go not knowing how I’m

Gonna pay for it!!! struggling for ideas at the mo!! Im so desperate for boobies!!! Xxx

I know the feeling Hun, I know I will get declined and I’m desperate now lol wish I had a magic wand

Xx

They had better not mess me about cuz jus been offered 525s!!! Everyone cross their fingers and toes! If not I’ll have no choice but to rob a bank lol xx

Hi everyone

In short this is how a loan application works: Firstly you complete and return the application form. The form details your income and outgoings and this along with a credit check allows FML to make a decision as to whether you are a suitable applicant “in principle”. The next step is providing evidence to support the details submitted in the application form; FML will request bank statements & pay slips to ensure that the income stated is accurate and further to ensure that the amount of outgoings is accurate. FML are an ethical lender and must ensure that the loan is affordable for the applicant, it is important that they can see the applicant’s ability to pay back the loan, as well as continuing on with their current lifestyle.

The reason why some patients are accepted in principle, but then declined at the final stage is that often that their outgoings have been miscalculated and another loan or credit card has been forgotten when completing the application form. If a loan is declined FML will try to explore other options such as a joint applicant to strengthen the application or perhaps a larger deposit amount. FML will always try to yes.

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