Q: I applied for a small personal loan online at a local credit union. I was approved but never made it to the bank
to sign any paperwork or go through with anything. I missed the appointment because I had changed my mind. They still put the loan through with out me ever stepping foot in the bank and signing anything. She stated she will cancel the loan and it will take 3 months to come off my credit. I just wanted to know if it is legal to put a loan through with out any documentation being signed
A:
Wow. I do not ever recall being asked by any client how to handle a situation where a bank or credit funded a loan!
I cannot count the number of clients who wanted help trying to get a loan funded, not unfunded.
Answer: There is nothing "illegal" about this mistake, which no doubt was caused by you changing your mind.
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