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Nationwide loan decline SAR

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thank you ... were would they get information like that ? .... is there some secret blacklist ?? 

    The credit agencies provide datasets of 72 months of data that lenders run their own internal algorithms over.  Each lender has their own commercial criteria which can change at any time. Fail to meet the criteria for a particular product, amount you've applied for etc, you'll be declined. 
  • Aspiration
    Aspiration Posts: 532 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    DOB inconsistencies generally indicate it’s a high risk loan, I’d get that corrected first.
    April 2020 - £102,222 Loans/CC’s.

    Jan 2022 - £0
    Cleared - £102,222

    Jan 2022 - Now time to build suitable investments and a business!
  • maxximus75
    maxximus75 Posts: 616 Forumite
    Seventh Anniversary 500 Posts Name Dropper
    Possibly information received from National Hunter (they record credit applicaitons and highlight inconsistencies to lenders).  They would also rely on what they know about you, on their internal systems.

  • My advice would be not to take it so personally - you'll never know the real reason.  I think you feel personally affronted that they consider you "high-risk".  It's just business.

    BiB
    DF :grin:
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