Debt Related: Payday loan (previous)
Our standard acceptability
Not Acceptable
Criteria definition:
Indicates if we can potentially accept a Buy to Let application from a borrower who has had a payday loan in the past but is not currently in a payday loan credit agreement.
Policy Notes:
We do not accept applications from applicants who have taken a payday loan.
Warning Notes:
Please refer applicants where a payday loan hasn't been used for at least 36 months. Evidence of the satisfactory conduct of the applicant's current account will be required.
Criteria categories:- Applicant
- General
Last updated:
29 August 2018