We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Rejection from own bank
Hello,
I have recently applied for a loan for £7,500 over 4 years to consolidate my credit card and overdraft debts. Although I didn't obtain my credit record I'm sure I've got a good credit rating as I've never missed any payments apart from once when the direct debit was not set up and this was years ago.
Anyway I was referred to the underwriters and they told me that I have been rejected. I was just rejected and they wouldn't discuss giving me a lower amount or anything.
What are the chances of being successful with another provider? I know on this site it says that the best chances of being accepted are with your bank.
Thanks in advance
lalaz
I have recently applied for a loan for £7,500 over 4 years to consolidate my credit card and overdraft debts. Although I didn't obtain my credit record I'm sure I've got a good credit rating as I've never missed any payments apart from once when the direct debit was not set up and this was years ago.
Anyway I was referred to the underwriters and they told me that I have been rejected. I was just rejected and they wouldn't discuss giving me a lower amount or anything.
What are the chances of being successful with another provider? I know on this site it says that the best chances of being accepted are with your bank.
Thanks in advance
lalaz
0
Comments
-
Get a copy of your credit files first.
They will cost you £2 each.
For a straight decline I would think there is adverse information of some kind on there.
Are you sure that you have had no previous credit problems - mobile phone companies are !!!!!!s for messing up people's credit files!0 -
how much do you owe in total
how much is the OD
how much do you earn0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards