AfricaComplaints.com » Business & Finance » Complaint / review: SA Homeloans - POOR CRITERIA | #189585

SA Homeloans
POOR CRITERIA

My wife applied for a loan. SA homeloans did a ITC Check which came back with a good review. However they said they can not grant us the bond required which is a 95% bond, as there were to many enquiries on my wifes ITC check the last few months. We changed our insurance so King price did an enquiry, we bought a car so BMW did a enquiry on her ITC, we also applied with FNB for a homeloan, so they did a ITC check this morning. I cannot believe that the are throwing away our business due to the fact that enquiries were made on my wifes ITC. THEY SAID THAT A POINT GETS DEDUCTED EVERYTIME SOMEONE DOES A CHECK ON YOUR ITC. I think this is absolutely rediculous as it has got nothing to do with her affordability for the loan, even the consultant said that she does qualify but due to the fact that enquiries were made she was penalized. So to whom ever is reading this if you wanne buy someting or you apply for credit and the company asks if they can do a ITC check, you have to say "NO" cause it affects your rating, then see what alarm bells go off if you say know. Obviously they will think you are trying to hide something sinister.on your ITC Record.

SA HOMELOANS

Date:

Company: SA Homeloans

Country: South Africa   City: PRETORA

Category: Business & Finance

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