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applied for loan 6 months ago, turned down.
I have a perfectly clean credit report, working part time, no outstanding debts or anything.
I do have three credit cards with a couple of grand available on each, but always pay back in full on time.
6 months ago I applied for a loan of a couple of grand and got turned down. Still dont know why.
Someone said wait six months before you apply again, so what shall I do to improve my chances please?
Shall I start with a loan of only a grand and pay it off, to increase my next loan?
I do have three credit cards with a couple of grand available on each, but always pay back in full on time.
6 months ago I applied for a loan of a couple of grand and got turned down. Still dont know why.
Someone said wait six months before you apply again, so what shall I do to improve my chances please?
Shall I start with a loan of only a grand and pay it off, to increase my next loan?
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Comments
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Exposure to debt would be the most likely reason I would think. If you wanted to you could rattle up £6k of unsecured debt within twenty minutes on your credit card.I have a perfectly clean credit report, working part time, no outstanding debts or anything.
I do have three credit cards with a couple of grand available on each, but always pay back in full on time.
6 months ago I applied for a loan of a couple of grand and got turned down. Still dont know why.
You might have better luck applying for a loan if you closed down one or two of your credit cards. What's your salary?
However, I would question your wisdom of a long-term goal of wanting to borrow more money. Why?"Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0 -
I have a perfectly clean credit report, working part time, no outstanding debts or anything.
I do have three credit cards with a couple of grand available on each, but always pay back in full on time.
6 months ago I applied for a loan of a couple of grand and got turned down. Still dont know why.
Someone said wait six months before you apply again, so what shall I do to improve my chances please?
Shall I start with a loan of only a grand and pay it off, to increase my next loan?
what is your income?
are you on the electoral roll?
what do all three of your credit reports say
madness to actually want to get into debt (except for a mortgage)
why ever do you want a loan?
best to keep all the CCs especially if they have any benefitsEU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
A perfect credit history doesn't mean your guaranteed to get the loan, the lender will score you based on your history and decide if to lend to you.0
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Affordability is likely the issue (barring any obvious issues on your files). You stated that you work part-time, assuming you worked 15 hrs a week at NMW your salary would be say £5-6k and if you have available credit of £6k (you said you had 3 cards with a couple of grand on each) and you want to take out let's say a £3k loan, your salary would need to be circa £18k as a rough guideline.I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com0
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You work part time and have a potential 6k to borrow on CCs.
You do NOT need a 2k loan.0
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