Loan approved/ Not approved *******

They will send you an email stating you have been approved for a loan. Went into their website which also confirmed this, and the amount thereof. They even went as far as sending me a loan agreement, only to get an email about 2 days later stating that after a credit assessment i do not qualify. Complete waste of time and utter unprofessionalism. I just hope my account won't be debited as i had already accepted their debicheck mandate, otherwise hell will definitely break loose...