How difficult is it to prove "IRL" and what is the criteria?

[SkintBadger]

Hello again,

 

I've been with TSB for around 9 years. At the time of opening the account in 2013 it was as a parachute account because I was a few years into a Debt Relief Order. 

 

On the very day I was "discharged" from the DRO, TSB phoned me and asked if I'd like a credit card with a 7k limit! 

 

Since 2016 my annual salary has been £14,000. Despite recent job changes, my income has remained constant, around the 13/14k level p.a.

 

I have no other sources of income. My wages have always been paid directly into my TSB Bank Account.

 

In 2021 I stupidly took out a loan for £12k with TSB. Long story as to why, but after decades of financial insecurity (DRO's, Gambling Problems, Heavy Drinking, etc), I finally found my credit rating to be good enough to be offered loans again, and wanted to have a "failsafe" if everything went "tits up" in my life again.

 

In Jan 2022 I (even more) compounded my stupidity by requesting ANOTHER £10k loan with TSB - more to see if they'd give it to me one drunken night rather than needing it. Yep, they did.

 

So, that's 22k I now owe TSB (without interest!)

 

I haven't missed a payment on either loan yet. I don't plan to!

 

However, I'm really struggling now to meet my monthly commitments on both loans.

 

I recently phoned them to try to consolidate both loans into a single loan at a much more preferential APR - but they wanted to have a long 2hr Zoom call to discuss everything and I doodoo myself, cancelled it. Because I'd lied on my loan applications and said I earned £22k p.a.

 

my question is - I don't believe they should've lent me this amount of money when it was clear from my account I only had around £250 going in each week. I consider that to be totally irresponsible!

 

HOWEVER! I'm an adult who knew what he was doing, and I lied on my application form.  isn't that technically fraud?

 

I can make this month's payments on both loans, but November I'm possibly going to have to default.

 

Any and all advice welcome - even smug judgement because I KNOW I've been a royal idiot  here! Ha! 

 

*Too late to edit, I just wanted to add that I didn't lie in any other respect on the loan application - Job correct, Address correct, etc.

 

Only about my Salary - surely there's an algorithm that looks at these things and must've seen that my weekly pay in no way added up to what I was stating?

I'm not trying to get out of paying - I took the money, I owe the money, I wasted the money.

 

However, I've been a moron and shouldn't have done it - especially as for the first 3 years I operated the account they could see I was in a DRO, and my credit rating was scrapping the financial barrel?

 

Am I just being naive here?

 

 

 

 

Edited October 17, 2022 by dx100uk
I warned you in your last thread...please stop swearing!!

[dx100uk]

Not a. Chance

 

Unless your file had defaults or late payments.

 

Dx

[SkintBadger]

Oh well. Was worth a shot!

 

Thanks for replying.

 

That's that then!