Jun 30 2010, 03:18 PM
QUOTE(patricktoh @ Dec 31 2009, 09:07 PM)
I think that's the different between self apply & bank pre-approved.
- Self apply once approved, the annual fee kicks in.
- Bank pre-approved as long never activated, you're safe.
this is what most ppl think.- Self apply once approved, the annual fee kicks in.
- Bank pre-approved as long never activated, you're safe.
i also thought so until i heard abt my BIL's case where his house kena broke into, the burglars also took his pre-approved MBB cc he got from the bank for this housing loan but he never used (inside the folder).
this cc was NEVER activated or used for 2yrs prior to this break in.
but the burglars can use it straight away and swiped 12k worth of things in one day. mbb never called to clarify anything with my BIL until he saw the bill end of the mth.
it's not safe AT ALL.
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