How to proceed whenever you’ve been declined for credit

Find out why loan providers decline applications for bank cards, loans and mortgages, and what you should do next – and find out what you should know about alleged ‘bad credit’ loans.

Why do lenders drop credit applications?

You may be declined as the loan provider has decided you don’t fulfill its affordability requirements, this means they think you’ll find it difficult to repay everything you’ve expected to borrow. This might take place once you distribute information on your earnings and outgoings included in a home loan or application for the loan plus the loan provider decides you won’t have sufficient left each thirty days to really make the repayments. Continue reading “How to proceed whenever you’ve been declined for credit”