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Reapplying after a loan rejection

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Comments

  • bazzyb
    bazzyb Posts: 1,586 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Your income is a key factor, but it's not the only consideration. You mention an outstanding £444 loan - is that the only borrowing you have? To jump from a £444 loan to a £16000 is a big difference and a massive gamble for the lender.

    What is the loan for?
  • horseymchorseface
    horseymchorseface Posts: 71 Forumite
    Fourth Anniversary 10 Posts Combo Breaker
    be careful your don't get yourself into a vicious cycle of loan after loan. Hit the debtfreewannabee forums to maximise what you have and pay down those debts
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