Tuesday, 14 October 2014 22:45

Strange Reasons For A Loan

QuickLoans.co.uk decided to conduct a study of our customers and the reasons behind the need to apply for a loan our on this site. However we didn't ask those who were currently applying, because we felt that they would give answers that we wanted to hear in order to be approved for the loan. So we decided to go back and contact those that applied for a loan this time last year, we felt they may give more honest answers. 

What we found startled even us, and it showed you can't trust the reasons applicants give you when applying. Here is a list of 20 of the strangest answers that we received.

1.     New iPhone 4s
2.     A loan to pay for bankruptcy court costs
3.     Supercharging their car
4.     To buy Bitcoins
5.     To pay off a friends high interest payday loan
6.     Gender reassignment procedure
7.     Buy a collection of antique Glass Eyes
8.     Purchasing Stars Wars memorabilia
9.     Take out a new partner for a meal
10.   Gambling, betting on "sure thing" tip
11.   Paying for cup final tickets and travel
12.   New tattoo
13.   Invest in Gold Bars
14.   Cosmetic Surgery
15.   Buy domain names
16.   Pay a taxidermist to stuff a pet
17.   Pay  court fines
18.   Buy recreational drugs
19.   Installing a new hot tub
20.   Pay for the funeral of a loved one

Out of the above reasons, we find the loan for bankruptcy court fees the most amusing. As clearly as the lender wouldn't have got that money back, the irony of it!

Of course the most common reasons were the standard answers of Rent, New Car, Energy bills, but the answers above show that some people have different priorities when applying for a loan and that some of them are quite amusing.

1 comment

  • Comment Link Friday, 07 September 2018 15:55 posted by Sabba

    All this highlights to me is that this generation can't take no for an answer. if you can't afford a new iphone 4s, a new tattoo, cosmetic surgery etc with the money that you have, then you can't/shouldn't have it at all end of. Where have we gone wrong with society? Where has the notion gone whereby if you can't afford something outright, you can't have it. Taking a loan out for these non essentials really makes me angry as it is this kind of culture and attitude that's going to cause another financial crash. Get a grip people.

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