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

refused loan

GC62237 · 2020-11-04 15:35:54

Anybody got any ideas??? I have just applied for a personal loan and been refused credit for the first time in my life!! both with Tesco bank who I have a credit card with and pay the balance off monthly and with Santander who I have 2 bank accounts with, both which are in credit. I have a top notch credit rating, never…

Comments

DayDreamerandGeneralWaster Posts: 546 Forumite

8 November 2020 at 11:49AM

I suspect it's because you already have a loan. If you look at Clearscore they give you debt utilisation info. If they think you can loan 20k in total but already have 10k and you request 12k,you will be declined. Have a look to give you an idea.

0