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A good CIBIL score is not the only requirement to avail a loan/credit card or any other credit facility from a bank.There are several other factors which are taken into consideration while approving your credit applications. Below factors are considered before approval of a credit application apart from CIBIL score :Repayment capacity: Banks only approve your application after checking your income to debt ration. Let's say you have a CIBIL of 833, however, you are already paying more than 50–60 percent of your salary towards your existing loans/CC then banks will most probably decline your application.EMI/Cheque bounces: In case there are recent bouncing of EMI’s or cheques on your bank statement then banks might not approve your loan application.Credit card balance. : If there is a huge balance on your credit card, it is considered as a negative factor and will impact your application.Settled/written off accounts: If there are settled or written off credit cards/loans on your account then banks are not going to approve your request.Too Many Credit Enquiries: if you have inquired about too many loans/CC from different banks then it is considered as a credit hungry behavior and your application will be turned down.Please UPVOTE if this answers your question.

I emailed to a dealership in Maryland after their website indicated that they had the vehicle we were looking for, with all the options plus our choice of interior and exterior colors.I went to check it out. The novice salesman started taking down my personal details… when I refused, he said that was routine for a Credit Application.To my, “I don't want a loan,” he said “But we got good rates.”“No. I have a Cashier's Check for $40k, and I will pay the rest by a Credit Card or a check, if necessary.”Dumbfounded, he sheepishly said “OK, but I still need to take down a CREDIT APPLICATION,“ he persistently said.“Noooo. You don't seem to understand the process. What you need to draw is a Bill of Sale! Let me talk to someone who knows what to do, how to do it, and do it right—the first time.”With that, I went to the Reception, gave my business card, and asked to see the dealership’s Manager. The chap who came to greet me turned out to be one of the VPs and the General Manager of their Mid-Atlantic sales. With him, I went over the specifics, told him what I was willing to pay for it, needed no loan, test drove the vehicle, called my insurance agent to fax a binder to the dealership and completed the formalities while the vehicle was being prepped.Oh! Before I left, the salesman asked me to give him a 5-Star review. Seriously?“If I were you, I won't hold my breath.”I said with a smile.Within less than 90 minutes—start to finish—I was home, with the new vehicle parked in our driveway.

What we did was start every customer with an interview. We would sit them down at a desk, build rapport, offer them a beverage and ask a standard set of questions designed to match them with a vehicle that would suit their needs.Serious buyers would typically embrace this step in the sales process. Joyriders would balk and say things like "before we go further I would like to drive the car and see if I like it." It becomes obvious what their intentions are.It's laughable, because I've never met anyone who's driven a M6 or a Ford GT and say they didn't like it. So when they continue to push for the ride, I would deftly say things to close the sale like "Everybody likes this car - you would be the first that didn't. So if we could come to agreeable terms would you be willing to take this vehicle home today? Pending a test drive, of course."Their obvious answer would be "Yes!" They think that would be the key to a joyride. But not so fast! My next statement is "Great! I just need to run a credit check to make sure we're all good before we go any further." I would then whip out the credit application, pull out a pen, and with a huge smile say "What's your Social Security number?"That typically ended the joyrider interview right there.