Loan Approval Process (or Declination)

Unsecured Solutions submitted my information to the first wave of their lenders. Bank of America ran a credit inquiry. This was July 9th. I have two questions. Is it out of the question for a bank to take longer than a month to make a decision? Are banks required to inform me of the decision? I was told no to question one by Unsecured Solutions, it can be normal, and I was told yes to answer two by friends. I`m not 100% trusting of Unsecured Solutions yet, and while I am 100% trusting of my friends, I`m not 100% sure they`re not just misinformed. Any info on the matter would be appreciated. Come next week I`ll probably call or email again. I`ve got a handful of numbers for Unsecured, from all the people I dealt with. I`ll bug them all till one of them can give me feedback.
MattTurpin8/18/2009 4:53 AM
MattTurpin8/18/2009 4:53 AM
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