Search results

@analogica One missed loan repayment by a few days Is not reported to the Central credit register it needs to be missing over 30 days. Once you rectify you take your slap on the wrist(missed DD charge) and don’t let it happen again the banks are not stupid they’ll know if you’re in college and...

@cmv Agreed, but the main point OP should take from this is take responsibility for how there account operates because of not it will come back to bite you in the ass eventually.

@rrobsr They really do I used to work in this line of work they won’t openly say that but they do they would rather see somebody who’s paid x amount over somebody who’s never paid back a loan in there life as it shows they understand how to operate a loan.

@rickylee It is certainly does the bank May not openly say it but having worked in the process they definitely do along with your bank account is graded depending on how you operate it.

@rickylee Well your credit worthiness can be increased if you back back loans and credit cards as a CCR report shows previous lending and it definetly influences a banking decision to give out credit, whereas if you’ve never had lending before bank are certainly skeptical.

@nixfifty When applying for lending a credit score is applied to an application. By paying back loans on time and cc’s it informs decisions although no exact system(yet) for credit ratings.