MA
Mark A

1 reviews | Active since Dec 2022

03 Sept 2024, 13:46

Car Finance declined even with goid income nd credit score

After months of paying my account up date and hoping that i will be approved for car finance MFC,Wesbank and Absa car finance refuse to grant me car financing evem though my credit score was good..they told CMH Honda that thay ITC was not updated even though it was updated. My business are generating income on monthly basis ,which they have proof from bank statements and my ITA34 up to date and business in operating 5 years . Still all these banks refuse to finance my car.

I can only make the assumption that criteria was based on skin of my colour and draw conclusion that indeeed caucasian do receive preferences from all these banks.

I was absolutely distress that even though my scoring was ok..and i have made all effort to bring account up to date and affordability was there for Honda vitz all these bank decline my application without a valid reason.

If there are any other people of colour who went through the same with these banks Pleaseeee lets name and shame these banks.

I still belief if it was a caucasian person with same credit score(620) they would have been approved immediately without a doubt

I working hard nd i am citizen that taxes are up to date amd business is operating for 5years now.

Why these banks do not take all these factors in consideration is beyond my understanding...

Siesssss to all you banks

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