Originally Posted by
Roger
Noodles, Yes you can certainly apply for a loan through a bank online but usually they're in a better position to do an identity check on you, (existing customer) and if you're not you'll find they've toughened up on new customers. Usually they want to see two original forms of identity in person to open a bank account, one a photo I.D. like vehicle licence and one a utilities bill for address verification, can't see why it would be different for new lending customers, so original documents in person is the key here to open a new account.
In years gone by it was easier, now they want to see things like a copy of your inland revenue assessments to confirm income...are Harmoney that thorough and do they want to see original identity documents in person ? Do they have access to your bank records or do they just ask for evidence of income, identity and bank statements to be scanned and sent via e.mail, in which case its not impossible to alter documents before scanning them.
The Jury is out on default rates and what they claim will be the average is something I'm suggesting is little more than just an outright guess and of course they are commercially motivated to guess on the light side so its hardly an independent estimate is it ! Do they guarantee those default rates and is there any comeback against Harmoney if they're wildly inaccurate...No, I didn't think so, no warranty that their representation in this regard is in any way reasonable means you have to treat it with a grain of salt. I'm "guessing" in your mind and others that makes me a real sceptic :)