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Banks again!

  • 20-08-2009 3:53pm
    #1
    Cran
    Registered Users, Registered Users 2 Posts: 1,259 ✭✭✭


    has anyone had significant dealings with banks recently?? did some business with them earlier in the year and was grand nothing to detailed required as all my banking has been done with them for years.. spoke with them today on something very short-term and they asked for a load of documentation like accounts etc?? this was for something considerable smaller than I have already with them anyone else come accross this?


Comments

  • #2
    blue5000
    Moderators, Society & Culture Moderators Posts: 12,714 Mod ✭✭✭✭blue5000


    Was it aib? I hear they are trying to buy back 15% of what they gave the gov(for the bailout) by the year end. Ireland's credit rating has slipped, or so I was told, so thats why interest rates are highish. We had no prob getting 20k for slatted tank in Feb, could be different now though. Did you check your credit rating?

    If the seat's wet, sit on yer hat, a cool head is better than a wet ar5e.



  • #3
    roosterman71
    Registered Users, Registered Users 2 Posts: 5,773 ✭✭✭roosterman71


    The days of banks giving out money easily are over. Ya need to prove to them that you can pay it back before they'll even consider giving loans. Harsh, but fair I reckon. Pity they didn't always do it. We might not be in this financial mess we're in now


  • #4
    kfk
    Registered Users Posts: 546 ✭✭✭kfk


    I applied for a 160k loan last year for a slatted unit. They asked me to bring in a set of accounts and some other docs. They rang me a couple of days later to say I was approved for the loan and all they had seen at this stage was my bank statements(with another bank) for the previous few months. My bank statements were not so exciting either. I drew down the full loan without any security given to the bank. It is no wonder they are in such a mess now!


  • #5
    Casinoking
    Registered Users, Registered Users 2 Posts: 474 ✭✭Casinoking


    I bought a fair amount of new machinery over the last few years without even being asked for accounts, or any paperwork whatsoever. Tractors, balers, mowers, trailers, you name it adding up to something frightening if you put it all together. However in the last 2 or 3 months even the smallest request has been met with so much hand wringing and requests for paperwork that would endanger a small forestry plantation I decided it wasn't worth the hassle and did without. The sensible approach from the banks is, no doubt, in the middle somewhere but who are we to tell them how to do their business. They're the experts after all. Oh no, wait.......


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