What does subject to status mean?
Subject to status means that your loan application will be subject to credit rating and income to be approved. Therefore, you will need a certain credit score and minimum income to be eligible for a loan. If you have ever applied for credit, you will be very familiar with the three words ‘subject to status’. But what does it actually mean? Alongside the usual marketing jargon, in regard to the features and benefits of credit products, the phrase “subject to status” can often seem out of place. Nonetheless, it appears that one every application page and is actually required by […]
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