Jamo

iTrader: (23)

just started doing paperless cca sort of at egg today. if you go through a loan, and your an existing customer on a select few "for now" if your accepted, were sending the money before you sign the documents!! the next working day.

how cool is that, how long before everyone is doing it?

jamo

Scooby96

what do you have to take to court for a defaulter????

Jamo

iTrader: (23)

verbal agreement i presume.

fast bloke

they pay it into an existing bank account and take the owner of the account to court on default - if you want a cheque you have to wait until they get the signed app back

Jamo

iTrader: (23)

not quite accurate on paper cca mate, its still bacs.

fast bloke

so how do you get round the money laundering regs if no signature and no recognised bank account is used?

Jamo

iTrader: (23)

??? as said before, its never been done before, it is for existing customers only. ie: egg card holders.

fast bloke

Aha - I see - so you already have their signature

Jamo

iTrader: (23)