Denied Auto Loan Application. What to do?

[brenhumprey]

Sir, sure ka ba na credit card problem lang yan? do you have exprience with other case like replevin, BP22, etc...? Sir I work for a bank dati, now in a finance company which caters autoloans. Should u be interested, you can pm me.

[bladecutter_ph]

Actually you still can. There are a number of banks who will be willing to get your loan.

Hi to all readers. Nice to be back again.

Are there lenders who still take advantage from borrowers who have credit problem? Like getting approval but with relatively suicide interest compared to a regular bank rate.

With the stiff competition in the car sales and demand of car loan, I'm pretty sure someone could share their experience on this.

[uls]

Are there lenders who still take advantage from borrowers who have credit problem? Like getting approval but with relatively suicide interest compared to a regular bank rate.

it's natural that a lender would charge a high risk borrower higher interest

it's not that the lender is taking advantage of the borrower

the higher interest is compensation for the lender for taking on the risk

buti meron lender willing to take the risk

if the borrower feels he is being taken advantage of, he can refuse the loan

ganun lang ka-simple

[xander1925]

Settle your credit card problems. If it's already settled then ask for Certificate of Settlement... Almost had same problem buti na lang na settle ko na years back tapos humingi lang ako nang Cert of Settlement from Citi.. Ayun aprove ako sa BPI

[wifi21]

If your application was disapproved, you can call the bank again to re-appeal. The bank personnel can request for reconsideration for your account then later on we'll see whether you'll be approved or not.

[Mrraizyl]

Mga bossing need ko sana ng advice nyo. Last July 6 nagapply ako for autoloan then after ko maipasa lahat ng needed documents hinintay ko nalang yung tawag ni Bangko (BPI). July 12 tumawag ako to make a follow up kasi parang unusual naman na sobrang tagal nila mag approve then sabi skn denied daw dahil nag check daw sila sa area namin wala daw parking pero credit/salary wise wala daw problema. Napakaunusual lang dahil wala namang tumawag sa akin to conduct inspection or magtanong man lang kung may parking ako. Yung area kasi namin since masikip nagpagawa ako ng garahe inside our house pero tingin ko yung nag inspect eh inassume nya na sa labas ang parking. Good thing naman nag apply for reconsideration yung kausap ko sa BPI branch. This time address ng wife ko sa ginamit namin (we have paid parking sa place na yon). I also sent pictures of my parkig space for both of my addresses para mas mapabilis. Unfortunately until now wala padin akong approval. Yung dealer ko din sabi nya napakaunusual daw yung case ko and wala pa daw syang client na nadeny dahil sa ganong reason. Ano po kaya yung mga pede kong gawin? Kinontact ko na laht ng hotline nila pero wala pading nangyayari.

Thank you mga bro

[dr. d]

Mga bossing need ko sana ng advice nyo. Last July 6 nagapply ako for autoloan then after ko maipasa lahat ng needed documents hinintay ko nalang yung tawag ni Bangko (BPI). July 12 tumawag ako to make a follow up kasi parang unusual naman na sobrang tagal nila mag approve then sabi skn denied daw dahil nag check daw sila sa area namin wala daw parking pero credit/salary wise wala daw problema. Napakaunusual lang dahil wala namang tumawag sa akin to conduct inspection or magtanong man lang kung may parking ako. Yung area kasi namin since masikip nagpagawa ako ng garahe inside our house pero tingin ko yung nag inspect eh inassume nya na sa labas ang parking. Good thing naman nag apply for reconsideration yung kausap ko sa BPI branch. This time address ng wife ko sa ginamit namin (we have paid parking sa place na yon). I also sent pictures of my parkig space for both of my addresses para mas mapabilis. Unfortunately until now wala padin akong approval. Yung dealer ko din sabi nya napakaunusual daw yung case ko and wala pa daw syang client na nadeny dahil sa ganong reason. Ano po kaya yung mga pede kong gawin? Kinontact ko na laht ng hotline nila pero wala pading nangyayari.

Thank you mga bro

if your patience is at an end, or the suspense is killing you... go to the office, personally, po.

[kisshmet]

try another bank

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[dcvingkamotekid]

just to share my bad experience sa BPI, was denied for an autoloan back in 2015 for my previous mirage hatchback then went to BDO, right from the get go - approved! to follow na yung ibang requirements na need nila. long story short, this year (2017) i applied again sa BPI (Novaliches Branch) since may promo sila that time...again, got denied dahil need daw ng wife ko ng ITR or CoE from her employer which is located sa Korea (home based kasi si wifey). So i told them to check all the transactions every month sa bank para makita nila na monthly eh dun pumapasok ang salary ni wifey pero they did not consider that as I haven't heard any calls / follow ups from them so my wife and I decided to apply sa BDO (ulit), waited for 15-20 minutes, pulled up my records using their database, APPROVED! minsan, kahit gaano kaganda ang promo, interest and offers (which turns out na same lang din naman if you will thoroughly compute their offers and interest, ..nagkakatalo nalang din sa customer service ng isang bank, how they handle their clients. hth!

[dcvingkamotekid]

tama si sir *kisshmet, try another bank bro, madaming banks sa pilipinas. afaik, metrobank and BDO have the lowest interest rate based on my math