Do I have to spend my loan money the way I told the bank I would?

I applied for an unsecured personal loan from a credit union and they want a breakdown of how I am going to spend the money. I am not sure exactly how I will end up dividing it, but I have to give them an answer to get the loan. Do I have to spend it the way I tell them I am going to? Will they require documentation after they have given me the money?

Do I have to spend my loan money the way I told the bank I would?

Are you getting the loan to pay off credit cards? If you are, the bank is most likely going to send the payments to the creditor, if the loan was based upon those creditors being paid in full.

If you are getting the loan for %26quot;other%26quot; reasons, for which you have not been qualified with credit debt being paid in full, for example to purchase an engagement ring. This is not something they would track, or ask for documentation on, the loan being unsecured.

In other words in the second case, you would most likely not be asked for documentation, and you could change the way you decide to spend the money.

Do I have to spend my loan money the way I told the bank I would?

Why don't you ask THEM?!?!?

Do I have to spend my loan money the way I told the bank I would?

No. They want to protect themselves that they didn't intend to lend you the money to do illegal things with. And if you do, oh well you told them that you wouldn't. Here's the piece of paper he/she gave us!

Do I have to spend my loan money the way I told the bank I would?

yes, because if they give u a loan for something and u go spend it on drugs it will be like they are suppling it for u so yes u have to disclose what you are going to spend the money on.

Do I have to spend my loan money the way I told the bank I would?

I doubt they'll care one way or other, as long as what you're using their money for is legal and you make your payments on time... it really doesn't matter, especially for a %26quot;personal%26quot; loan.

Do I have to spend my loan money the way I told the bank I would?

no ur able to lie to them

they wouldnt find out

ive done it b4

Do I have to spend my loan money the way I told the bank I would?

Hi,

i am Mark fredricks;

we do give loan offer for renumeration of acredible investment to viable personels who may have interest in our offer. The company do give a 4% interest rate of discount, with proper negotiations, we do hope the duration of this offer is affordable to our varous customers.

please you can contact the company under this following address at, shirlyjonesfinancialcompany@yahoo.com

Attn; we do not give offer to internet scamms who are in disguised of makking lenege transactions with failure to fufill the companys requirements and we have specil AUTHORITY to pick up with any perpetrator.

Thanks.

Management.

Do I have to spend my loan money the way I told the bank I would?

Hey Derik S, or Mark fredricks or whoever the Hell you are. Did you even read this question? Your SPAM is hilarious! I am internet scamm, I dare you to pick me up with your SPECIL AUTHORITY. Go pander your fake business somewhere else. People work hard for their money. How dare you try to scam them out of it??