I recently relocated from Gauteng to Cape Town. I need a car so applied for a loan. They declined because apparently I'm too high risk. 1. Only been living at my current location for 1.5 months. 2. Only been employed with current employer for 1.5 months. 3. No property in my name. The fact that: 1. I have financed 2 cars 2. Have not missed a payment ever (as far as I remember) and 4. Earn R600k a year means nothing. It's absolutely ridiculous. Why don't I get judged on my previous 5 years rather than only my current situation? I have been in steady work earning good salaries and paying bills on time ever since I can remember... What is the problem here???
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