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Location:
Brisbane
Registered:
July 2002
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Location:
Brisbane, QLD, Australia
Registered:
May 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 01:04
 
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Parents not willing to go guarantor for you?
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Location:
Brisbane
Registered:
July 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 01:08
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parents beleive that i should be able to make it by myself
and if i cant .. i dont deserve to get it yet
theres this whole thing with all my family being filthy rich(cept my parents which are just over comfortable)... and they all beleive that cause they all made it on their own
but i just cant seem to get a break
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Location:
Adelaide, SA
Registered:
May 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 01:08
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I know it's a pain in the arse, but think of it from the bank's perspective. They give you the money to mod your car. What happens if you don't pay it back? What can the bank do to reclaim it's money? You probably have no tangible asset like a house or another car worth a similar amount that they could re-possess, so where is the bank's security going to come from?
Either your parents will need to go guarantor or you need to provide some solid form of security that the bank will agree to. If you were to buy another car that's already fast, and have comp insurance on it then you'd qualify for a car loan with the car as security.
Otherwise, you'll have to save and save to fullfill the 1j dream. On the bright side, by the time you have the money you'll probably find insurance a bit cheaper too.
Or you could apply for a credit card and take the high interest that comes with an unsecured loans like credit cards.
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Location:
Perth
Registered:
May 2003
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 01:09
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dude you must be going to some shit banks
You earn more than me i get $350 a week after tax 
I just refinanced my $10,000 loan and got $15,000 (had to pay some debts)
and got it piece of piss + i was paying of a $2000 credit card as well.
ring challenge bank (westpac) heres the Personal Lending Centre Number i think its the same Australia wide 132 651 if not ring up a challenge bank where you live and ask for the number
as long as your working fulltime they WILL give you a loan UNLESS you have some kind of bad credit rating.
you can ring the fines inforcement or credit rating place to make sure you dont have a bad credit rating
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Location:
Brisbane
Registered:
July 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 01:13
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I dont have a bad credit rating
it doesent say anything bad...
it just has a shit load of credit checks(meaning ive applied for loans and stuff) doesent say whether they are declined or not... im part time with guaranteed 37 hrs a week
i think ill save for another 2 months or so and just try again
and buy the other shell
im buying another soarer like mine less motor and gearbox
maybe if i dont tell them it doesent run they will accept it as another asset
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Location:
Perth
Registered:
May 2003
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 01:18
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| lumpy wrote on Thu, 04 March 2004 09:08 |
I know it's a pain in the arse, but think of it from the bank's perspective. They give you the money to mod your car. What happens if you don't pay it back? What can the bank do to reclaim it's money? You probably have no tangible asset like a house or another car worth a similar amount that they could re-possess, so where is the bank's security going to come from?
Either your parents will need to go guarantor or you need to provide some solid form of security that the bank will agree to. If you were to buy another car that's already fast, and have comp insurance on it then you'd qualify for a car loan with the car as security.
Otherwise, you'll have to save and save to fullfill the 1j dream. On the bright side, by the time you have the money you'll probably find insurance a bit cheaper too.
Or you could apply for a credit card and take the high interest that comes with an unsecured loans like credit cards.
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the bank doesnt care what you spend the money when i went for my $10,000 loan a few years ago and said i was getting a new car i didnt (when i applied i got a UNSECURE loan)
then when i got 15,000 to pay the rest of the loan out and pay of some debts i said i was getting a new car pffft not with $4000
so RING CHALLENGE
+ when i got my first loan i had $0 in the bank and didnt even have an account with them
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Location:
Perth
Registered:
May 2003
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 01:22
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| Jag7799 wrote on Thu, 04 March 2004 09:13 |
I dont have a bad credit rating
it doesent say anything bad...
it just has a shit load of credit checks(meaning ive applied for loans and stuff) doesent say whether they are declined or not... im part time with guaranteed 37 hrs a week
i think ill save for another 2 months or so and just try again
and buy the other shell
im buying another soarer like mine less motor and gearbox
maybe if i dont tell them it doesent run they will accept it as another asset
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part time SHOULD still get you the laon that might be why they knock you back but as i said you shouldnt need any savings and i told them my car was worth $5000 when it was stock as a rock 
just say your buying a new car but makes sure you get an unsecure other wise they will want to see a reciopt if you get a secure loan (means they can reposes the car)
the credit checks shouldnt matter ask them when you apply for a loan
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Location:
Potts Point, Sydney
Registered:
October 2003
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 01:28
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How old are you? You must be going to shit banks and institutions like mark said...What's the loan for? Try to get someone to guarantee you, just keep talking to them about it and all that...coz that'll pretty much guarantee a loan.
Just dont screw up and get them into sh!t...
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Location:
Perth
Registered:
May 2003
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 01:49
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you dont need a gurantor with the money your on, i got declined from commonwealth even with a gurantor.
ring challenge ro better yet go into the bank and say youd like to speak to someone about getting a loan explain your situation and they should be able to sort something out.
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Location:
Sydney
Registered:
May 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 03:38
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I got an unsecured Personal load for $25000 when i was 20
a whole 3 years ago for a car. Didnt need a guarantor and i was only earning $33000 at the time and the only assett i had was my bog stock sprinter. Go figure
Ben.
AE86 Trueno 4AGE
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Location:
Ballarat, Vic.
Registered:
September 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 06:38
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I got a loan before xmas for 12k. No job and no guarantor!
I had bought a ps2 and a some games (ages ago) and paid on credit (about 700$ worth). I had a spare bank account that i didn't touch for like 2 years or something (putting money in occasionally). That was about it really. I got it first go through the commenwealth bank!!!
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Location:
Adelaide
Registered:
June 2003
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 08:19
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i got a loan first go through st gorge bank, i asked for 10.5k and they said do you want 25k instead. i was 19 and it was unsecured. (i only took the 10.5k) 2 year term but paid it back in about 11 months
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I supported Toymods
On probation
Location:
Brisbane, Queensland
Registered:
January 2003
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 12:09
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DAMN IT JOHAL THOSE SILLY BANKERS!!!!!!!!!!!!
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Location:
Brisbane
Registered:
July 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 12:48
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yeah.. im well shitted off.. ill check out this challenge place.... but i doubt ill get it...
im 19
i applied through commonwealth the 1st time i ever applied.. but i was on like 280 before tax then.. but i might just get declined cause ive applied so much
i dunno what to do really
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Registered:
August 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 12:58
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1g powah!
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Location:
Sydney
Registered:
March 2003
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 21:27
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Credit Card Brother 
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Location:
Melbourne
Registered:
April 2003
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 21:28
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Casual employee's will find it hard to get a loan
Permanent persons will find it easier to get a loan
Must be permanent for atleast 3months before going for a loan.
Must have assets
Expenditure must not exceed repayments.
Just the standard stuff.. if you dont meet these you fail. is bad but i have been knocked back before. though the repayments on the new amount was going to be less then what i was paying at the time..
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Location:
Brisbane
Registered:
July 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 23:21
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im permanent part time..
ive been that way for over 2 yrs
20 grand assets
id still save 200 a week into savings after repayments
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Location:
Brisbane
Registered:
July 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 23:24
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oh and an update. I just got re-declined for 5500 cause my car is supposedly too old.. and no matter what modifications i have.. it doesent matter
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Location:
Adelaide
Registered:
September 2003
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 23:28
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There is something obviously wrong. 
It sucks, but you may have to go the wait and save route. Personally, I can't do that as I'm too impatient 
Keep smiling and run them over on the way home 
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Location:
Brisbane
Registered:
July 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 23:33
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my credit rating is gonna be so fucked
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I supported Toymods
On probation
Location:
Brisbane, Queensland
Registered:
January 2003
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 23:46
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johal there was a thing on the ACA or something not too long ago about the mistakes that credit companies can make where you end up with some critical black mark on your rating when it belongs to somebody else..... can you somehow check your credit history?
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Location:
Brisbane
Registered:
July 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Thu, 04 March 2004 23:51
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my credit history is only credit checks.. nothing more... ive already asked about that.
but yeah.. u can pay money to check it lol
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Location:
Sydney
Registered:
November 2003
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Re: Loan got declined again.. wtf is wrong with this world
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Fri, 05 March 2004 12:56
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oi dude dont tell them u need the money to fix ur car, tell em ur buying a new computer or something or dj equipment and ur getting it all insured too, then the'll feel safer about it u know? commonwealth r fucked the declined me 3.5grand even tho i was making weekly repayments of 400 bucks off my credit card when it was maxed out
wat a joke
im going to westpac as soon as my credit card is gone
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Location:
Brisbane
Registered:
July 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Fri, 05 March 2004 13:12
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spoke to bendigo today.. they said because of all my checks on my credit they cant give it to me atm.. but if i get an account with them.. save like ive been savings up to half the ammount i want in the loan.. then apply to the loan they will give it to me straight away
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Location:
sunny coast, qld
Registered:
October 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Fri, 05 March 2004 21:13
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i guess that is better than nothing.
Start saving!!!
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Location:
Brisbane
Registered:
July 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Fri, 05 March 2004 23:22
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yeah.. ill save between 250 and 300 a week
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Location:
Victoria
Registered:
February 2004
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Re: Loan got declined again.. wtf is wrong with this world
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Sun, 07 March 2004 05:35
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Yeah, the more loans you get knocked back on, the worse it looks in the future. I screwed myself over last year trying to get several loans. Ended up buying my celica on the credit card. Gunna re-apply soon, as now i own 2 cars and have been working full time for over 12 months.
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Location:
Brisbane
Registered:
July 2002
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Re: Loan got declined again.. wtf is wrong with this world
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Sun, 07 March 2004 05:58
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well ill just spend the next few months restoring my other soarer and wait and save or apply at bendigo as i said earlier
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Loan got declined again.. wtf is wrong with this world
