This has been one great thread on finance. In the end, lesson is, manage your finance properly.

I've had a bad start thus a bad financial reputation for the past few years, settling it wasn't easy. All started with an "innocent" 5K loan which I defaulted (this was 7 years back) Which ended up me having to pay 12K settlement and still have my credit report showing bad. Then, i have one credit card, an amex. Other than that, have been juggling with life just to make ends meets. Recently, I managed to settle what's remaining of the past 7 years of financial misery. I though it's a clean sheet for me now. for 2 months free of any loan repayments or bank calls. However, I decided i need a new transport as my current one is getting to the stage of uneconomical to maintain.. and guess what.. Loan rejected.

Not sure why, 60K loan and I earn 6k per month, with no commitments, and only 1 charge card (which is a company card). I guess it's the old records haunting me eh.... Maybe I'll just have to wait for a couple of months before the creditors finally agrees I'm a changed man (financially). Life's a b*tch.

My advice to youngsters, fresh grads, hold back the temptation for a fancy new gadget, nice expensive car or simply ez cash. You're like a clean white financial cloth, only stain urself with what u can clean up... if u jump into the mud, it's a struggle to get out.. and then, there's cleaning up the mess...