Anonymous
Anonymous asked in Business & FinanceCredit · 4 years ago

After your loan application is submitted, who decides if you get approved for the loan?

4 Answers

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  • Anonymous
    4 years ago

    Credit agency

    Loan Underwriter

    Credit bureau

    Loan Undertaker?

  • 4 years ago

    A credit controller working got the loan company based on credit history, amount to be borrowed, value of the car and your income and expenses.

    They also determine the rate.

    The more likely you are to default the higher the rate.

    You may get a better rate borrowing from your bank and buying cash.

    • Gavin4 years agoReport

      Credit agency
      Loan Underwriter
      Credit bureau
      Loan Undertaker? is it one of those

  • 4 years ago

    Somebody with the authority to do so.

    Source(s): The Loan Arranger (and Slowpoke, his horse)
  • 4 years ago

    No

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