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    Why won't my bank give me a loan?
    • #1
    • 25th May 10, 1:52 PM
    Why won't my bank give me a loan? 25th May 10 at 1:52 PM

    I have had 3 previous loans from my bank one was 15,000+ and i never missed a single payment and they are all now settled. I have checked my Experian credit rating which is 999 and my Equifax one which is 496.

    I recently applied for an online loan from Natwest for 4,000. I only have one current credit card with a balance of 2,000 but yet i was rejected.

    I called and spoke to their loans department and advised the above (at the time i didn't have my Equifax rating and was told that they use Equifax and i must have failed that. I then ordered my Equifax credit rating which came back at 496 (excellent) so i don't understand what possible criteria could be excluding me. I have been with the bank for over 10 years, liuved at my current address for 8 years, have been in the same job for 6 years, on the electoroll etc.

    Also this is the first bit of credit i have applied for for over a year.

    Any Ideas anyone?

    Thanks in advance.

    EDIT: Can anyone recomment a good current account as opposed to my Natwest Advantage Gold account. Thanks again.
    Last edited by crocodile007; 25-05-2010 at 3:09 PM. Reason: EDIT
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