Can I ask for reasons of decline?

[Deleted User]

I was recently declined for a £7.50 phone contract as well as a bank account and potential employment opportunity, just curious if I can ask for unambiguous defined reasons?


Tesco - just said it couldn't accept my order for the phone
and provided no reason
HSBC - No answer
Provident - No answer, I declared past financial history at application stage but then had issue made quite late on in interview process, that it didn't think I'd pass the check and now I'm bordering that it treats DRO as full on bankruptcy that wasn't get roundable regardless of honesty (so it may have been for the best in all honesty)


My chequered past does mean I have had a debt relief order and reluctant to tackle the one creditor who reports my account as a default that has got worse I think. However the DRO was discharged October 2013 - I'd managed to obtain other form of 'finance' which is up to date, along with 3 years paying EE for a sim only contract monthly & employment even requiring a credit check which allegedly passed all since Oct 13 so I'm getting concerned and curious in the declines NOW, whilst I can handle the can't haves, why now? with my situation better then ever


For added history and shot in the dark, I have had a short term loan, what used to be known as rolling credit account, maybe known as something else now! that didn't report anywhere beyond the point of application and is still open after being paid up from what I can make of it - could this be a factor as my limit on that is half my monthly wage? even though I haven't and would never touch that figure offered, I've come to wonder if it made the difference? eg. am I considered maxed out for available credit/funding?!


Hope you made it this far, thanks for taking the time to read, grateful for any expertise

Fruit_and_Nut_Case

Deleted%20User wrote: »

...just curious if I can ask for unambiguous defined reasons?

There is nothing to stop you asking. Unfortunately the chances of getting clear answers are negligible.

jumperabv3

Try CapitalOne - I used them to build credit and today I have Halifax Clarity, Virgin Atlantic, British Airways and American Airlines cards, I collect miles and have a 9,000 GBP maximum spend on each!

I started with small max 200 GBP balance!!! Look where I am today just thanks to CapitalOne who were the only ones who approved my request despite the rest who refused including Halifax Clarity who only afterwards approved my request.

fermi

Subscribers to the lending code are obliged to tell you if it was something on your credit files if you ask and direct you to which company that was on. Unfortunealy the code doesn't extend the obligation to them telling you exactly what the saw that caused the decline, but may at least get you closer.

Saying that, a DRO is as big a negaive as a bankruptcy, reported as one or not, so as the elephant in the room that is going to be a huge negative over most likely anything else.

One thing is, make sure that any defaulted account from your DRO is now marke as satisfied in some way and now with nothing left owing. Unsettled defaulted accounts are not going to help.