BrianStephan
Expert Member
Thats Absurd that it counts against you to check your credit rating. Anyone know where u can check it on your own?
-
Join the MyBroadband community
South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
-
Question of the Day: Do you think Bafana Bafana will win tonight?
Credit
- Thread starter BrianStephan
- Start date
i think ITC gives you one free every year, it's not really absurd because there are alot of credit wh0re$ out there ! so as long as you don't over apply you should be fine, a good yard stick is about 4 a year
helpwithdebt
Active Member
Interesting thread.
Credit providers felt the strain of the downfall of the economy too. The only way to ensure that they keep on generating income is to make it easier for you to get loans and finance. Although they know it is a risk they are prepared to take it because it is about quantity and not so much quality loans they write. The problem comes in when the put consumers in a position where they cannot afford all monthly repayments. Loan is outstanding, interest keeps on climbing and they know they will eventually get it out of you.
Remember cash flow is not a major concern for big credit providers. They look at the long hauls instead of the consumers short sighted view.
Good luck
Credit providers felt the strain of the downfall of the economy too. The only way to ensure that they keep on generating income is to make it easier for you to get loans and finance. Although they know it is a risk they are prepared to take it because it is about quantity and not so much quality loans they write. The problem comes in when the put consumers in a position where they cannot afford all monthly repayments. Loan is outstanding, interest keeps on climbing and they know they will eventually get it out of you.
Remember cash flow is not a major concern for big credit providers. They look at the long hauls instead of the consumers short sighted view.
Good luck