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Only 5% of applications for 100% bonds successful
March 4th 10
The banks, says Rob Lawrence, National Manager for Rawson Finance, have received much favourable publicity on account of their willingness once again to give 100% bonds – to select clients.

Just how “select” they have to be became clear recently when Lawrence revealed his company’s hit rate in this category: on average only 3 to 5% of applications for 100% bonds have proved successful.

In the past, said Lawrence, over 40% of applications for 100% bonds were...

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