kralledr Posted August 27, 2020 Share Posted August 27, 2020 i read all the time about the NCB, i really lile to know what it is, and what they do, example i applied for an unsecured credit card at kasikorn, i applied in the morning, next day afternoon it was approved, so how can the nbc check so quick?!.. Link to comment Share on other sites More sharing options...
Don Mega Posted August 27, 2020 Share Posted August 27, 2020 They are quick, I applied for car finance on a Thursday, I asked how long till approved or denied and the lady said up to credit bureau but normally no longer than a week. Car Dealership called me the following Monday and said finance was approved and asked what day I would like to pick the car up. Link to comment Share on other sites More sharing options...
Crossy Posted August 27, 2020 Share Posted August 27, 2020 If you go to one of the NCB branch offices they take about 10 minutes to prepare a credit check. Choice of Thai or english too. You need your passport of course. Link to comment Share on other sites More sharing options...
kralledr Posted August 27, 2020 Author Share Posted August 27, 2020 Ok, but the question for me remains, what they check anyway? Link to comment Share on other sites More sharing options...
Don Mega Posted August 27, 2020 Share Posted August 27, 2020 8 minutes ago, kralledr said: Ok, but the question for me remains, what they check anyway? Most likely if you have and bad debt and have a history of paying on time with no defaults. 1 1 Link to comment Share on other sites More sharing options...
Crossy Posted August 27, 2020 Share Posted August 27, 2020 54 minutes ago, kralledr said: Ok, but the question for me remains, what they check anyway? All the credit card and finance companies report annually on their customers. I get a notification letter (in English too) for my cards and the car loan stating the data they have provided to NCB. One assumes that bad debts will get reported too. 1 Link to comment Share on other sites More sharing options...
natway09 Posted August 27, 2020 Share Posted August 27, 2020 The little green men are always watching !! Link to comment Share on other sites More sharing options...
tomazbodner Posted August 27, 2020 Share Posted August 27, 2020 All banks with which you have any credit open, as well banks where you have accounts, regularly report to NCB. If you apply for a new card or a loan, they would check from the system if there's any red flag. Data to NCB is updated every 6 months by law but if you defaulted on loan for instance (status other than 10 - Normal) may get flagged immediately to NCB. NCB however only provides the data to whoever you are applying with, it is still with loan/card issuer to make a decision on whether they accept risk. Link to comment Share on other sites More sharing options...
Ng Kognito Posted August 27, 2020 Share Posted August 27, 2020 Kind of related, but if not I’ll open a new thread. Are there any banks that will give a car loan or credit card if I don’t have a Thai work permit? I have lived here since 2014. I retired early and have had part of my retirement direct deposited into Bangkok Bank every month since I moved here. I don’t work here. I’ve been told no work permit, no credit.” Anyone know otherwise? No, I don’t want to go to a loan shark, thanks. ???? Link to comment Share on other sites More sharing options...
kralledr Posted August 28, 2020 Author Share Posted August 28, 2020 10 hours ago, Ng Kognito said: Kind of related, but if not I’ll open a new thread. Are there any banks that will give a car loan or credit card if I don’t have a Thai work permit? I have lived here since 2014. I retired early and have had part of my retirement direct deposited into Bangkok Bank every month since I moved here. I don’t work here. I’ve been told no work permit, no credit.” Anyone know otherwise? No, I don’t want to go to a loan shark, thanks. ???? I not think that it makes any difference if you make a car loan, or ask try to get unsecured credit card, is basicly the same at the end, i do remember about the same question, a few years ago someone got a car on finance using retirment BUT, then it depends again on the dealer AND the bank, and if you go for 5 door pickup most of the dealers will ask a guarantor to sign.. Link to comment Share on other sites More sharing options...
mrwebb8825 Posted August 28, 2020 Share Posted August 28, 2020 They also check to see how many loans you're currently paying on and for what to help them (the prospective creditors) decide if they think you can afford another . Link to comment Share on other sites More sharing options...
kralledr Posted August 28, 2020 Author Share Posted August 28, 2020 But why so many (low income thais) csn have 10000 credit cards, i know myself a guy who make 30k a month but had 9 cards at some point, and ofc could not repay... That is why i really wonder what info this famous NBC has really on some one?!.. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now