Personal loan rejection

Mitch1968

Hi all
i am also new to this site and could really do with some advise and a bit of a cheer up if possible. i currently have a personal loan with Santander with no problems. I have applied for additional borrowing today (£4500 on top of the £2500 remaining) and have been refused. they wouldn't elaborate as to why although the operator did ask if I had a student loan (which I don't).

I have checked my credit score on Credit Expert and it says it's 999 and also on my credit report it says I have £19098 as my amount of available credit. I have no CCJs, have never missed a payment etc etc. Ihave had no searches in the last 6 months other than experian. Can anyone shed any light please?

Apples2

If you have almost £20k of available credit along with £2.5k loan, you are considered to already have a potential debt of £22.5k.

To borrow on top of that would require a Salary of around £45k. Lenders generally don't like to lend over 50% of your Salary as unsecured debt.

If you can close down any unused Credit Cards, it will reduce your available credit making it easier to get a loan.