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

Why People With Excellent Credit Scores Still Get Rejected - Yahoo

Not only do you need a good score to get a decent rate on a mortgage or auto loan, but credit scores are increasingly being used in other ...

Why have I been turned down for credit? - TransUnion UK

Why have I been turned down for credit? · Financial account information history · Being on the Electoral Register · People you are financially connected with.

6 Reasons Why Your Auto Loan Was Denied and What You Can Do ...

What Can You Do If You're Loan is Turned Down? · Always know your FICO credit score, and what's on your credit reports. J.J . · Make sure all your documents are ...

How your Apple Card application is evaluated

A hard inquiry may impact your credit score. If your application is declined or you reject your offer, your credit score isn't affected by the soft inquiry ...

What Affects Your Credit Score | Experian

This is because lenders like to see a good track record of sensible borrowing, which helps them decide if you're likely to pay them back on time. Luckily ...

Why was I declined? - Affirm Help Center

Each loan application is considered separately, and checking your eligibility doesn't harm your credit score, so we hope you'll give us another chance in the ...

What is a Good Credit Score and Why Does It Matter? - FinanceBuzz

Payment history (35%): This is the record of whether you've paid your credit accounts on time. Missed or late payments will lower your score.

Credit Discrimination | Consumer Advice

The Equal Credit Opportunity Act (ECOA) makes it illegal for creditors (also known as banks, mortgage companies, small loan and finance companies, credit ...

6 Reasons Why People With Good Credit Are Turned Down For a ...

You may have a good credit score, but if your income is low, shaky, or nonexistent, you'll have trouble getting a loan. Some lenders have ...

Your credit history - Citizens Information

You are here: Home > Money and Tax > Personal finance > Loans and credit > Your credit history. Your credit history. Introduction; How lenders ...

Reasons Why Your Car Finance Can Be Refused | Swansway Blog

Lenders use credit scores as a signal of your financial health and your likelihood to repay the loan. Consistently late payments, defaults, or ...

What Would Disqualify You From a Car Loan? - Auto Approve

But if you are rejected for multiple loans that all pull hard inquiries on your credit report, that may lower your credit score slightly.

Why Credit Card Applications Get Denied | Capital One

When you apply for a credit card, the issuer may check your credit reports and scores to see how you've managed debt in the past. Requirements ...

I Need A Loan But Keep Getting Declined | Rocket Loans

You Might Not Meet The Basic Requirements · Your Credit Score May Be Too Low · Your Income May Not Be Sufficient Enough · Your Debt-To-Income Ratio ...

Why You Were Denied a Car Loan: And How to Get Approved

Credit Score Issues: Low or no credit scores are another frequent cause of denial; most vehicle loan providers have a minimum credit score requirement below ...

The average credit score is dropping. Here is what to do if yours ...

For example, a 30-day missed payment "can drop a fair credit score anywhere from 17 to 37 points and a very good or excellent credit score 63 to ...

What to Do If Your Loan Was Declined - Patelco Credit Union

1. Find out why you were declined · 2. Check your credit report · 3. Fix your credit score · 4. Pay down your debt · 5. Lower your credit card ...

Understanding Your Credit - MEFA

When you apply for a private loan, the bank or lender will reference your credit report and make the decision of whether or not to grant you the loan based on ...

Does being rejected impact your credit score? | Ocean Finance®

Unfortunately, if you have a bad credit history (due to late or missed payments, for example), then lenders may see you as high risk. But it ...

Refused a Loan, What To Do Next - Compare the Market

Ask the lender if there's a particular reason you've been rejected. It may be that your credit score isn't high enough. It could be your income ...