Good credit score but refused a loan or finance? Here's why

Top 10 reasons for your credit card rejection - Shriram Finance

A good credit score is just one aspect, and if other factors don't meet their criteria, your application may still be declined. 5. Why my credit ...

Being turned down for a loan, despite having good credit | Shawbrook

Although uncommon, it's possible to have a good credit rating but be turned down for a loan due to errors on your file. For example, if you received a ...

Does Getting Denied Credit Affect Your Credit Scores? - Experian

While a loan denial won't show up on your credit report, hard inquiries will. A hard inquiry occurs when you submit a credit application and ...

How lenders decide whether to give you credit - Citizens Advice

They won't tell you what your score is but if you ask them, they must tell you which credit reference agency they used to get the information about you. You can ...

Here's What Happens to Your Credit Score When You're Denied a ...

A loan denial won't show up on your credit report, says Experian. However, the hard inquiry on your credit as a result of your application will.

Why Was I Declined For a Credit Card? | MoneySuperMarket

If you have a good or excellent credit score and have been turned down for credit, it's worth investigating the reason. Ultimately the lender is ...

Reasons for Loan Rejection with Good CIBIL Score - CRED

For instance, if you have settled a loan with your bank or any financial institution, the same will reflect on your credit report. And if ...

What Is a Credit Score & Why Is It Important? | Equifax

Your credit scores may also impact the interest rate and other terms on any loan or other credit account for which you qualify. What is considered a good credit ...

Rejected for a personal loan or credit card? 5 reasons your ... - Mint

Having a good credit score is important for credit card and personal loan applications, but banks also evaluate residency, ...

Reasons for Loan Rejection with Good CIBIL Score - Paisabazaar.com

1. Frequent borrowings Banks and Non-Banking Financial Companies (NBFCs) are hesitant to grant loans to borrowers who have one too many loans under their name.

Good Credit Score... Why I am getting denied? - myFICO® Forums

I need a little help here. Any advise is GREATLY appreciated! I recently applied for a few used auto loans from Bank of America and Capital One ...

10 Reasons For Loan Rejection Even With a Good Credit Score

Your loan application will get rejected because of your regular job and company change. Furthermore, if you often move your permanent residence, ...

Top 5 Reasons Your Mortgage Loan Was Declined

Lenders look not only at your minimum credit score, but also at whether you have a significant amount of derogatory remarks on your credit report such as a ...

What Is a Good Credit Score? | Kiplinger

That is why knowing your credit score is so important before applying for a loan or card. If you have applied for a few credit cards and been rejected, your ...

Why Was I Denied? Common Reasons for Being Declined for a Loan

You applied for or obtained several new loans within a relatively short period of time, you have too many revolving credit balances that are either maxed out or ...

Does being declined car finance affect your credit score?

A hard search gives lenders full access to your credit report. It is recommended that you shop around for car finance but making multiple ...

Does Getting Rejected for a Credit Card Impact Your Credit Score?

If you know your credit score is around 600 and you apply for a credit card that asks for "good or excellent" credit, for example, you shouldn't ...

Why Mortgage Loans Get Denied | Common Reasons & Solutions

Recent Credit History or Bankruptcy ... The info on your report isn't just turned into a score—your lenders will review the whole report and look for anything ...

What Is a Good Credit Score? - Experian

Remember that your credit score plays a role in determining the interest rate and payment terms on a mortgage loan. Lenders base the interest they charge on how ...

Five reasons you might still get denied even if you have perfect credit

Scores like FICO use credit bureau information, which includes items like your payment and balance history. Credit bureaus do not capture your ...