Review Time
Misleading “100% approval” & waste of time
My experience with Abound has been extremely frustrating and disappointing.
I was shown a “100% approved loan offer”, which naturally gave me the confidence that my application would be successful. Based on that, I went through the entire process — linking all my bank accounts, submitting payslips, and allowing a full review of my income and transactions.
I have a good repayment history and have never missed any payments, yet after several days of detailed checks and clear access to all my financial data, my application was suddenly declined due to affordability.
This is not about the rejection — lenders have their criteria — but about giving customers false hope from the beginning.
If strict affordability checks are going to override the initial decision, then showing “100% approval” is misleading and wastes people’s time. The process is long, intrusive, and emotionally stressful when you are relying on that outcome.
Please be transparent and responsible in how you present loan approvals. Don’t give people confidence in an offer that you may later withdraw.
Very disappointing experience.
Misleading “100% approval” & waste of timeMy experience with Abound has been extremely frustrating and disappointing.I was shown a “100% approved loan offer”, which naturally gave me the confidence that my application would be successful. Based on that, I went through the entire process — linking all my bank accounts, submitting payslips, and allowing a full review of my income and transactions.I have a good repayment history and have never missed any payments, yet after several days of detailed checks and clear access to all my financial data, my application was suddenly declined due to affordability.This is not about the rejection — lenders have their criteria — but about giving customers false hope from the beginning.If strict affordability checks are going to override the initial decision, then showing “100% approval” is misleading and wastes people’s time. The process is long, intrusive, and emotionally stressful when you are relying on that outcome.Please be transparent and responsible in how you present loan approvals. Don’t give people confidence in an offer that you may later withdraw.Very disappointing experience.
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