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I predict an increase in overdrawn DLAs

I predict an increase in overdrawn DLAs

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I can see lots of small companies getting the interest free loan for their company and withdrawing the funds for personal use - result a spike in overdrawn loan accounts

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By kevinread
21st Mar 2020 09:18

And a baby boom at xmas

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Replying to kevinread:
ALISK
By atleastisoundknowledgable...
21st Mar 2020 09:22

kevinread wrote:

And a baby boom at xmas

If you dare get pregnant during this viral outbreak.

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RLI
By lionofludesch
21st Mar 2020 09:49

A lot of folk may have no option but to overdraw their DLA.

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By CazzyT
21st Mar 2020 10:37

Yep, I agree.

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By SWAccountant
21st Mar 2020 11:09

if this is an extension of EFG, as they suggest, you won't be able to.

Certainly for EFG loans I saw it was a breach of the conditions to have or to increase an overdrawn DLA whilst you had one.

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Replying to SWAccountant:
blue sheep
By NH
21st Mar 2020 11:22

You are most probably correct but do you think that will stop them?

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