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Will bank check CC account when applying for a loan

  • 10-09-2010 10:34am
    #1
    amytomjerry
    Registered Users, Registered Users 2 Posts: 88 ✭✭


    I applied for a small top up loan of 1600 euro on an already existing loan.

    In filling out the criteria via the phone, I gave all details of outgoings and current amount owed on CC which at the time was 580euro Debit.

    However, my circumstances have changed due to a car emergency in the past week and the CC now reads at 1, 580 euro....

    If the bank seek out my CC details, they are going to think I was pulling the wool over their eyes!

    Do I inform them of the increased amount or leave alone? Thanks in advance.


Comments

  • #2
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    Assuming it's the same bank, they would be able to check the CC account and see that the transaction came after the application was made - so I doubt that would be an issue.


  • #3
    petermurp
    Closed Accounts Posts: 21 ✭petermurp


    Might be best to inform them, as they will carry out a credit check anyway and will see your new balance. Plus, the lender in question will appreciate your honesty


  • #4
    Random
    Closed Accounts Posts: 19,080 ✭✭✭✭Random


    they usually send out a form that you have to sign for the loan confirming all the details you gave them online / on the phone. you can just cross out the wrong balance on this and write the correct one in. this is what i've done in the past anyway.


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