There are cases when all banks, like having agreed, refuse to the applicant of required money. It is explained by that fact that rating of this borrower is too low and it reflects all actions of the loan applicant at any bank. All refusals are displayed in one place.
A person who wishes to arrange some requests for crediting may fall a victim of refusal. And this information becomes available to the credit manager who can estimate such actions as unreliable.
Information on refusal is entered in credit history of the applicant. You may imagine that all ten requests got refusals. They appeared in the history of applicant. What rating this client will have? Any attempt of such applicant to obtain somewhere money may lead only to negative result.
Such situation is not a deadlock. But in order to overcome it definite time should be spent. Perhaps first it will be necessary to take a small credit and to pay it in proper form without failures and only then to request larger amounts.
To obtain a big loan the applicant should be very cautious. Ideal will be to address to services of the broker on the credits to whom all conventions and rules of automobile crediting are perfectly known. He will be able to help in receiving necessary amount by the borrower on the most advantageous conditions. Anyway the professional help much more conveniently and quicker than if to collect documents for bank independently.