Loans

[Jack1988]

I have applied for three loans but only want to accept one? After i have applied and if i am accepted the loan doesn't automatically go through does it? I know this may sound stupid but i really am confused???

[Ethel]

You should have a cooling off period where you can cancel the agreement in writing.

But why did you apply for three? Every time you apply for credit, it is marked on your credit history.

[mandub]

The lender should contact you direct before the loan goes ahead. They won't just pay the money into your account.

[Kathyan]

You will have to sign the agreement before any funds are available.