banks and credit ...
I have bank accounts and a mortgage with PCF... I also have a line of credit with a low limit...that I have never used...
A few weeks ago I asked them to increase my line of credit limit, thinking I may need this one day and it's better to apply now, when I dont need it... anyway, they outright declined it.. no application, no income statement...
Today I called CIBC to ask them a question and the guy asks me if I'd like to get a 15k line of credit.. pre approved so no credit cheque or income statement...
WHY!?
the only explanation i could come up with is that he is bending the truth to make a `sale`... and preapproval means nothing, they may still refuse my `application`..
any ideas? cibc and pcf are supposed to be the same bank.. one says no to my credit limit increase, while the other one offers me 15k!?
A few weeks ago I asked them to increase my line of credit limit, thinking I may need this one day and it's better to apply now, when I dont need it... anyway, they outright declined it.. no application, no income statement...
Today I called CIBC to ask them a question and the guy asks me if I'd like to get a 15k line of credit.. pre approved so no credit cheque or income statement...
WHY!?
the only explanation i could come up with is that he is bending the truth to make a `sale`... and preapproval means nothing, they may still refuse my `application`..
any ideas? cibc and pcf are supposed to be the same bank.. one says no to my credit limit increase, while the other one offers me 15k!?