After your loan application is submitted, who decides if you get approved for the loan?
- Anonymous4 years ago
- Skoda JohnLv 74 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.
- SumDudeLv 74 years ago
Somebody with the authority to do so.Source(s): The Loan Arranger (and Slowpoke, his horse)
- 4 years ago