Unfortunately we can't tell individuals the specific reasons their application was denied. However, the following factors have influenced our decision:
- Your existing levels of secured and unsecured debt
- Your existing monthly repayments on secured loans
- The amount of information in your credit file
- Evidence that you've repaid previous credit on time
- The affordability of the loan in your circumstances
- Your reported credit score
It is very important to us that you only borrow what you can afford to repay. Our strict and rigorous lending criteria means we are unable to issue loans to many who apply for them.
We assess our borrower's abilities to borrow using leading Credit Reference Agencies; these agencies might be able to give further insight into your credit rating and how to improve it.