Personal loan

Waltons11

Okay, so i completed the form to check eligibility, which came back as 90% for several banks. I completed one application which came back very quickly with a "NO". I believe this will stay on my credit file for 6 months thus preventing more applications for the mean time. Has anyone else had this problem as is there any other way that I can borrow now without having to wait six months?

Gaz83

It doesn't prevent you from applying, where did you get that?

You can apply as many times as you want. Lots of searches in a short time will make it look like you are reeling of desperation, and are more likely to be declined.

CLAPTON

Waltons11 wrote: »

Okay, so i completed the form to check eligibility, which came back as 90% for several banks. I completed one application which came back very quickly with a "NO". I believe this will stay on my credit file for 6 months thus preventing more applications for the mean time. Has anyone else had this problem as is there any other way that I can borrow now without having to wait six months?

all your credit files will show is a credit search and not the result.

whether you can get a loan depends upon what your credit files show, your income, other debts etc

jonesMUFCforever

I would suggest talking with the bank that gets your wages first.
They should be be able to indicate (without doing a search on you) whether they will lend to you.
Take it from there after being given the answer.