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> Buying Car procedure?

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xeon1989
post Jul 13 2018, 05:27 AM

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QUOTE(ZeneticX @ Jun 15 2018, 09:01 PM)
One thing for new car buyers to take note, especially those applying loan through SA, make sure to clarify with your SA how they gonna apply for your loan

Some SA actually submit your application to a few banks at once, this will not be a good record on your credit rating and score
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QUOTE(terrence_my @ Jun 15 2018, 09:51 PM)
Why it is not good at credit rating? can you elaborate more?
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Want to know also.
Submit application to a few banks at once will affect rating one? why?
In this case if I want to compare interest rate will gg lor?

This post has been edited by xeon1989: Jul 13 2018, 05:28 AM
xeon1989
post Jul 14 2018, 05:06 AM

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QUOTE(ZeneticX @ Jul 13 2018, 10:12 AM)
there used to be a link to an article but i can't seem to find it right now

but basically, if you apply loan to a few banks at once, its an indicator of someone desperate for money as banks will need to "pull" your record from CCRIS, every request from the bank will impact your score
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ok, didn't expect this.
Maybe I can also confirm with my agent.
xeon1989
post Jul 15 2018, 11:43 AM

Member since 2008
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QUOTE(ZeneticX @ Jul 14 2018, 03:06 PM)
instead of asking your sales agent maybe asking someone from the banking side would be better, like your loan agent if you planning to apply yourself
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True, will do so.

 

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