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Refused credit limit increase

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tony3619
tony3619 Posts: 396 Forumite
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edited 20 May at 8:42AM in Credit cards
Hello,

I was trying to get an increase in my credit limit and I was declined with the reason being "you recently took out a payday loan or short term loan" 

Finding this odd as I have never taken out a loan (except mortgage) I did a credit check and found out that my phone contract includes 24 x £8 listed as a loan on my credit file.

I started paying this in 2022 so could that be listed as a recent short term loan? And would that be enough to decline a limit rise? 

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  • Brie
    Brie Posts: 10,772 Forumite
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    Any insurance being paid monthly?  Those are loans as well.  
    "Never retract, never explain, never apologise; get things done and let them howl.”
  • martinbainbridge1975
    martinbainbridge1975 Posts: 333 Forumite
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    mobile networks are now selling phones as a loan, with a price plan for air time seperatly
  • NoodleDoodleMan
    NoodleDoodleMan Posts: 3,470 Forumite
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    Did you apply online - or speak with with a real person ?
    I've been declined for credit cards or upgrades electronically - but managed to get a satisfactory outcome talking to a human being.
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