M
miju
Guest
just wondering if anyone can figure this one out as I find it quite perplexing:
had a bit of financial trouble year and a half ago , defaulted and know i'll have band credit rating for next 5 years or so which is fair enough (much more financially secure now BTW)
however i'm scratching my head at this one:
have banked with AIB for years and about 7 months ago got one of their credit cards , balance paid off in full every month / NEVER missed a payment on it (except for last month but i know that doesnt effect your credit rating anyways once minimum is paid)
so anyways applied for a loan from AIB for 3k (towards a new car) but they refused fair enough given the above BUT the thing that bugs me is that my credit limit on my card is €3,600 and I could just as easily (though it would be very stupid) withdraw 3k from the card into my account
so in other words the won't loan me 3k if i apply for it but are fairly happy to let me rack up €3,600 (if i wished) on my credit card
i missed a direct debit for my car insurance last month (a minor oversight on my part) BUT it was paid the very next day which i'm sure AIB could see as well so am figuring that wouldn't matter.
does anyone see the logic in this one or am I completely missing something here?????
had a bit of financial trouble year and a half ago , defaulted and know i'll have band credit rating for next 5 years or so which is fair enough (much more financially secure now BTW)
however i'm scratching my head at this one:
have banked with AIB for years and about 7 months ago got one of their credit cards , balance paid off in full every month / NEVER missed a payment on it (except for last month but i know that doesnt effect your credit rating anyways once minimum is paid)
so anyways applied for a loan from AIB for 3k (towards a new car) but they refused fair enough given the above BUT the thing that bugs me is that my credit limit on my card is €3,600 and I could just as easily (though it would be very stupid) withdraw 3k from the card into my account
so in other words the won't loan me 3k if i apply for it but are fairly happy to let me rack up €3,600 (if i wished) on my credit card
i missed a direct debit for my car insurance last month (a minor oversight on my part) BUT it was paid the very next day which i'm sure AIB could see as well so am figuring that wouldn't matter.
does anyone see the logic in this one or am I completely missing something here?????