State of the nation - Bank offers  

ArcticRomance 40M
48 posts
1/31/2006 11:46 am

Last Read:
3/5/2006 9:27 pm

State of the nation - Bank offers

and banks say they are trying hard to prevent lending beyond peoples capacity to repay.......hmmmmmmmmmm

Abbey bank has apologised for sending a letter addressed to a one-year-old girl inviting her to take out a £20,000 loan.

Donna Bartlett was amazed when she opened the letter addressed to Miss D Sheppard last week and discovered it was offering her daughter, Daisy, the hefty sum.

The Abbey letter told the youngster, from Great Cornard, Suffolk, the loan could be just what she wanted."

It said: "Maybe the house could do with a lick of paint or perhaps you just want to splash out on something

special like a holiday.
"Which is why a loan of up to £20,000 would come in very handy. You could use the money to treat yourself right now. Or you could use it to transfer any debts and bills into one affordable loan.

"As you are already a customer of ours we could lend you up to £20,000 - just pick up the phone or visit your local Abbey branch."

Ms Bartlett, a mother of five, said she was worried the letter gave the impression no one was too young to get into debt.

"There's a lot of pressure on people to buy now and pay later and this kind of thing, although it's a mistake, isn't going to help matters," she told the East Anglian Daily Times. "Perhaps things do need to be checked more carefully before they are sent out to children like Daisy."

Ms Bartlett said when Daisy was born she had opened an account at Abbey in Sudbury, Suffolk, and estimated it must have around £40 in it now.

A spokeswoman for Abbey apologised for the mistake and said: "There were a small number of children offered a personal loan rather than their parents. It was a database error and we have apologised to parents and the problem has now been rectified."

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