i have been agreed in principle to loan what does this mean
2007-07-05 01:44:19 · 9 answers · asked by KAREN H 1 in Business & Finance ➔ Credit
Terms have been explained fully and you are agreeable without having signed a legally binding contract yet.
2007-07-05 01:48:19 · answer #1 · answered by wizjp 7 · 0⤊ 0⤋
Is this with an actual lender or with credit broker? Be careful there are lots of scams out there where brokers say you've been more or less approved, but then you have to ring premium numbers to give further details, then another, then another and so it goes on until eventually you get a letter asking for money up front. Until you actually have the money in your account, don't take agreed in principle as meaning you've been accepted totally for a loan.
2007-07-08 00:27:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I suppose it means that every case is assessed individually and unless you have any dark secrets which signify you can't be trusted with money, then you can expect to get your loan. You should read Lemony Snicket's "An Unfortunate Series Of Events": it's full of phrases like that which the author loves to rip apart.
2007-07-05 01:57:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I agree entirely, he can dress up as Jesus, Moses, Shiva, or Aphrodite for all I care. That kid's more mature than his principal, for crying out loud. No emotionally stable person over the age of 20 gets upset over a perfectly harmless Halloween costume, that's just ridiculous.
2016-04-01 08:46:51 · answer #4 · answered by ? 4 · 0⤊ 0⤋
It means they quite like the idea but want to discuss detail. More likely an employer or public authority is saying we can ot think of an excuse not to follow this through but give us time and we will .
2007-07-05 02:00:17 · answer #5 · answered by Scouse 7 · 0⤊ 0⤋
From the information they have so far, you have been accepted. It would seem like they might want a bit more information for it to be definite or to check a couple of the things you have said.
2007-07-05 01:49:45 · answer #6 · answered by Marky 6 · 0⤊ 0⤋
it means they have provisionally approved your loan application, but it is subject to credit history checks and maybe ID confirmation.
once they are happy that the details you have given them are true, you should get the money.
the bank should really have explained this to you
2007-07-05 01:50:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋
word for word what WIZJP has just told you
2007-07-05 01:51:58 · answer #8 · answered by srracvuee 7 · 0⤊ 0⤋
'gentleman's agreement'
basically NAFF all..
2007-07-05 01:56:43 · answer #9 · answered by bluecow 5 · 0⤊ 0⤋