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Your bond has been approved – what now?
Important Information you should read, once your bond is approved
The banks have the right to do checks again after bond grant and before registration and should your
risk profile deteriorate, your bond approval could be withdrawn.
It is therefore important to keep a close eye on your account handling and ensure that all accounts are
continued to be paid on or before the due date.
The banks can also check whether your credit commitments have changed since bond approval and if
your expenses increased and ultimately affect your affordability, your bond approval could be
withdrawn. It is therefor recommendable to avoid applying for further credit after your bond was
#Tips #Knowledge #Experience #PayneLess Bonds 087 151 4712 or 011 662 2396