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Why did I get rejected for a loan?
Comments
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Ignore the scores, its the data thats important.
No missed payments/defaults at all? No history of payday loans?
Are you paying minimum payments on the cards?
Homeowner? Mortgage amount?0 -
Rent - £325 per month - always paid in full.
I've never had a payday loan or been in anywhere near a bad enough situation for one.
I have never missed a payment on anything ever. Always set up the direct debit so that didn't happen.
I think it worries me that when I do apply for a mortgage this could be a problem as I got rejected for a £7,000.
No missed payments/defaults at all? No history of payday loans?
Are you paying minimum payments on the cards?
Homeowner? Mortgage amount?[/QUOTE]0 -
floratheexplorer wrote: »I have checked Equifax and Experian and both were very good scores (or so they said).
I paid for the Experian account was not in bad standing with any company.
I was just a bit confused as I was deemed 90% likely to be accepted by experian but maybe that is not good to go on.
Have you checked Transunion and Credit Karma ?0 -
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floratheexplorer wrote: »No - Hadn't heard of them but I will thank you.
Trans union took over Call Credit and Credit Karma took over Noddle.0 -
Do you mean you still want to get the loan to pay the debts off. They will still asses you on 14k. They won’t asses you after paying off the debts with the loanMortgage free wannabe
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £55,819
Cc debt free.0 -
Hi floratheexplorer,
I'm just wondering if you have checked your eligibility for a Balance Transfer card instead of a loan?
https://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards/I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job
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Hi - yes the cards I have now are from a long line of balance transfers from other cards from years ago.
The reason I have three credit cards is that I have never been able to get all my debt onto one card. Which is why I wanted the big loan to cover the £7,000 if that makes sense.
I've never had any bother getting a credit card. The loan application was my first ever rejection (financially!)Willing2Learn wrote: »Hi floratheexplorer,
I'm just wondering if you have checked your eligibility for a Balance Transfer card instead of a loan?0
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