Results 11 to 14 of 14
-
Tsikot Member Rank 2
- Join Date
- Jan 2008
- Posts
- 4,726
February 13th, 2020 06:49 PM #11
-
February 13th, 2020 08:12 PM #12
Banks usually submit the names of individuals who default on their loan obligation (i.e. car loan, real estate, credit card, etc.) to CMAP and/or CIBI. The 2 bureaus also gather additional information of court cases (civil and criminal) and this database is accessed by banks as reference to conduct a background check on the character and/or capacity to pay of the borrower.
If your name is listed, will be a futile exercise as your loan application will be denied. In the event that your name is listed only in a court case, it should only be an adverse finding if the borrower is the defendant or co-defendant to the case.
CMAP - Credit Mgt. Association of the Phils.
CIBI - Credit Information Bureau Inc.
-
Tsikot Member Rank 2
- Join Date
- Jan 2007
- Posts
- 2,224
February 14th, 2020 12:42 AM #13Depends on gaano kasipag mag submit sa CMAP yung tao in charge of your account sa EWB. Possible na wala pang record if recently pa lang nagka problem.
-
February 14th, 2020 07:12 AM #14
yung barkada ko nahatak yung sasakyan nya then kinabukasan he tried to buy another car denied na agad sya sa application nya..
planning to keep it for 15yrs just done 10,000 km already replaced the transfer case fluid w/...
Suzuki JIMNY [merged threads]