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Term loan assistance

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NicolasKemsley
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Term loan assistance

Hi I wonder if somebody can give me some clarity 

 

I applied for a term loan yesterday over the phone with a consultant,They said that i cannot take a term loan because my other standard bank loan is not older than 6 months so they can increse my loan amount.

 

I dont understand this because this is not a personal loan or revolving credit it is a new tem loan maybe the consultant misunderstood what i wanted or maybe im mistaken 

 

Please if somebody could clear this up for me 

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