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 RHB personal loan to get credit score

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SUSyklooi
post Mar 22 2021, 08:23 AM

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QUOTE(xander83 @ Mar 22 2021, 08:04 AM)
Why bother getting personal loan when you can get credit card instead with lower interest on personal loan

With your earnings no banks will lend to you as you are most likely to be a risk to default on your loans unless you have a guarantor or FD as collateral instead

15% per annum will kill your earnings on personal loan

Learn on how to invest instead and once you grow your investment then your credit score will rise instead  doh.gif
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can apply CC with his income of 1.8K?
hmm.gif
SUSyklooi
post Mar 22 2021, 08:41 AM

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QUOTE(xander83 @ Mar 22 2021, 08:36 AM)
Using FD as collateral instead with credit limit of 2x of the FD pledged

I been doing that for so many donkey years already
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kks21199 do take note of above suggestion...
just not sure if FD pledge is still accepted now or not
SUSyklooi
post Mar 22 2021, 09:04 AM

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QUOTE(KKS21199 @ Mar 22 2021, 08:42 AM)
Which banks have you done it with? I can pledge fd if required by the bank.
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not sure if this is a concern,....this just came to mind.

if you pledge your FD and the CC limit is max to your pledged FD value....
this then will like a debit card,...then will this kind of CC helps in getting into the Credit score card?

technically the bank does not "lend" you any credit at all.....thus "should not be" in the Ctos/ccris score card...

need to explore more.....

 

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