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I am free yet lost credits

Date: Sat, 02/28/2009 - 23:32

Submitted by vijayrajnawale
on Sat, 02/28/2009 - 23:32

Posts: 13 Credits: [Donate]

Total Replies: 3

I am free yet lost credits


Previosly I was not knowing of credit score. And I finished my engg. with hard days and with due help of a local bank. I could not pay the installments during and after the the education for few months. But there was no option at all. The reason was- I had to pay the fees other than lan amount! I could not make the bills worth their sanctioned amount. And such handy expenses were too much that can not be billed. But when I had a good salary, I payed them with utmost care.
Yet the bank rejected my proposal of loan after 4 years saying that previous record was bad.
Should I had more attempts to convince them?


Vijayraj ! i do agree with you but banks do have their norms to follow. Quote:

But when I had a good salary, I payed them with utmost care.

it is understood that you have paid them with due diligence but still current market scenario ( economic turmoil) has cautioned the banks to stick to their norms.

i would suggest you that you better go for improvement program of your credit (you can choose anyone which is available locally) and after improvement in your credit score surely you will get the "red carpet treatment" from all the banks. I am sure.. :wink:


lrhall41

Submitted by manoj gopale on Sun, 03/01/2009 - 03:48

( Posts: 98 | Credits: )