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"PreApproved Loans" Bank of Ireland

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  • 15-03-2006 11:00am
    #1
    Aviator55
    Registered Users Posts: 37 ✭


    Does anyone else think that these junk mail "preapproved loans" from Bank of Ireland are disgusting?
    I got one through the door yesterday, 11.2%, plus the option of a "payment protection" option at a ludicrously high premium.
    It is bad enough that Irish Banks make a fortune through squalid, crowded, understaffed branches, over-the-top charges and not paying interest on current accounts, but this cheap loan sharking operation is especially disgusting.


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    #2
    drdre
    Closed Accounts Posts: 8,245 ✭✭✭drdre


    i got that before for a loan for something like 11000 euro at 11%, i rang them for the laugh and said i wanted it and that another bank wa offer less than 6 for car finance as i want to buy a car and she said bring in paperwork of other bank and they will match it or even do it cheaper. its ot a bad idea as now i know how to bargain with banks.:D


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    #3
    BrianD
    Closed Accounts Posts: 7,221 ✭✭✭BrianD


    I thought this "pre-approval" lark was stopped by the regulator?


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    #4
    drdre
    Closed Accounts Posts: 8,245 ✭✭✭drdre


    BrianD wrote:
    I thought this "pre-approval" lark was stopped by the regulator?

    thats what i thought but i donot think bank of ireland know that as i just got a letter that my credit card limit has been increased as i am valued customer:cool: .But i thought they were not allowed to do this


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