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The BMW Range
3 Series
F30, F34
plan to buy F30 and willing to pay above 30% downpayment but BMW Credit reject my loan
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<blockquote data-quote="kuntakinte" data-source="post: 724172" data-attributes="member: 15653"><p>That's what most young borrowers experience. Due to limited or no track record of credit worthiness or repayment promptness, bankers are known to reject loans even in cases of high downpayment, meaning if you don't have a credit card or loan, they can't assess your loan repayment punctuality hence reject the loan</p><p></p><p>Which I think is rather stupid policy. How is the young going to produce a track record when they can't even procure one in the first place? </p><p></p><p>Your best chance may be legal ah long or credit services company</p></blockquote><p></p>
[QUOTE="kuntakinte, post: 724172, member: 15653"] That's what most young borrowers experience. Due to limited or no track record of credit worthiness or repayment promptness, bankers are known to reject loans even in cases of high downpayment, meaning if you don't have a credit card or loan, they can't assess your loan repayment punctuality hence reject the loan Which I think is rather stupid policy. How is the young going to produce a track record when they can't even procure one in the first place? Your best chance may be legal ah long or credit services company [/QUOTE]
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Home
Forums
The BMW Range
3 Series
F30, F34
plan to buy F30 and willing to pay above 30% downpayment but BMW Credit reject my loan
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