In the event that youвЂ™ve been rejected for credit cards or loan you will find things you can do to comprehend why. Additionally, there are things you need to avoid doing which will make it also harder to obtain credit in the foreseeable future. Continue reading for more information also to find out about alternate borrowing options to take into account or avoid.
- What you need to find out if you’ve been refused credit or that loan
- DonвЂ™t keep using
- What direction to go next
- Bad credit file вЂ“ Before you appear to borrow somewhere else
- Alternate borrowing options when you have a bad credit score
- Rebuilding your credit score
What you need to find out if you’ve been refused credit or that loan
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You this and let you know which credit reference agency they used if youвЂ™re turned down for a loan or credit card, as a result of a search on your credit reference file, the credit card or loan company should tell.
Then you’re able to approach the credit reference agency to inquire https://speedyloan.net/uk/payday-loans-nfk about for a copy of the file.
You may also ask the financial institution why they declined you – and exactly just what information they founded this on – nonetheless they donвЂ™t have actually to provide you with a detail by detail explanation.
Should you spot an error in your credit history, compose towards the credit reference agency and request them to fix it.
Ensure you explain why it is incorrect, you need to include any proof you have got.
The agency has 28 days to behave. The appropriate information in your credit history will likely be marked as вЂdisputedвЂ™ as they investigate it. […]