2007-07-18 23:03:48 · 4 answers · asked by KAREN H 1 in Business & Finance ➔ Credit
Nothing = it's a term used by con-merchnats to string you along untill they get your money ..
2007-07-20 05:21:26 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
It could be one of two things:
1) The paperwork looks good, and you will get confirmation of approval once they run a credit check... but really that should have been done before telling you that your application has been accepted...
2) It's a nice way to get your hopes up, so that you won't mind when they tell you that you just have to pay their 'handling fees', or 'advance fees' or whatever to part you from your cash... a much more likely scenario, I'm afraid.
Note: many sites that provisionally accept you for an online loan are brokers, and what they actually mean is that they've agreed to run your application for the loan by the companies they're associated with - and again, they will be looking for money up front, with absolutely no guarantee of a loan at all.
2007-07-22 03:57:20 · answer #2 · answered by RM 6 · 0⤊ 0⤋
Hmm, it could indeed mean what the previous answer-er said.
But, literally, it means that you have, at this stage, been accepted for a loan. However, it also means that they have only granted you a loan on the information they currently hold about you. If they were to learn that you have an awful credit rating, for example, they can still decline you.
Be careful, and keep it touch with them. Never deal with a dodgy moneylender.
2007-07-21 18:02:29 · answer #3 · answered by Phil G 2 · 0⤊ 0⤋
they have to run or confirm checks on you such as salry and address etc.
2007-07-22 17:39:46 · answer #4 · answered by Rebz 5 · 0⤊ 0⤋