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Discussion Starter · #1 ·
Greetings!

Is there a new bank procedure to approve a personal loan or credit cards.
What is the procedure now to approve the loan if a person has a bad credit history from one particular bank. What will be the period of checking the credit history. I have been holding a bad credit history for the outstanding amount of 130 AED for one year. I used to receive a sms from the concern bank and i thought it was a system issue and ignored this message since I paid all the amount. I came to know that the paid amount was not sufficient where the balance 130AED was my actual outstanding. Recently I closed this card and I need to apply a loan from other bank. Will it affect the approval of my loan? Kindly suggest.

Thanks
Ravi
 

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No inside knowledge but I think you will be OK, they seem focused on available credit rather than history. (if you have too much available credit + balances then it is an issue)
 
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