Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Goldstar28
    • By Goldstar28 11th Aug 18, 4:16 PM
    • 7Posts
    • 1Thanks
    Goldstar28
    Rejected after pre-approval?
    • #1
    • 11th Aug 18, 4:16 PM
    Rejected after pre-approval? 11th Aug 18 at 4:16 PM
    Has anyone been rejected after being "pre-approved" for a loan?

    It was only a soft search I carried out where I saw the top one I was pre-approved for.
Page 1
    • zx81
    • By zx81 11th Aug 18, 4:24 PM
    • 18,124 Posts
    • 19,332 Thanks
    zx81
    • #2
    • 11th Aug 18, 4:24 PM
    • #2
    • 11th Aug 18, 4:24 PM
    Yes. They have.

    Just like last time you asked.

    https://forums.moneysavingexpert.com/showthread.php?p=74630529#post74630529
    • T-G-C
    • By T-G-C 11th Aug 18, 4:28 PM
    • 314 Posts
    • 121 Thanks
    T-G-C
    • #3
    • 11th Aug 18, 4:28 PM
    • #3
    • 11th Aug 18, 4:28 PM
    Here are some, but not all of the potential reasons for refusal after a pre-approval offer:

    - The lender performed a full credit check and the data revealed factors that were against their lending criteria. When a soft check is performed, it is not the same depth as the latter.

    - You failed one or more of the following checks: fraud prevention, identity, money laundering prevention or other cross-referencing conducted; inc. National Hunter and Electoral Register.

    - You passed an initial criteria however after further consideration, one or more factors meant that the credit product applied for was not suitable for you.

    It is unfortunate to be pre-approved and then refused, however it is important to remember not to set your heart on one particular product until you have been 100% approved after a full credit application.
    All advice provided is intended for guidance purposes only. For specialized debt advice, please contact either National Debtline or StepChange.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

144Posts Today

1,625Users online

Martin's Twitter
  • Ta ta... for now. This August, as I try and do every few yrs, I'm lucky enough to be taking a sabbatical. No work,? https://t.co/Xx4R3eLhFG

  • RT @lethalbrignull: @MartinSLewis I've been sitting here for a good while trying to decide my answer to this, feeling grateful for living i?

  • Early days but currently it's exactly 50 50 in liberality v democracy, with younger people more liberal, older more? https://t.co/YwJr4izuIj

  • Follow Martin