Why would they reject your application for a car, personal or home loan?
- Low Credit Score
- Insufficient Income
- High Debt-to-Income Ratio
- Limited Credit History
- Recent Late Payments or Defaults:
- Unstable Employment History
- Incomplete Application/missing information
- Collateral Issues
- Excessive Loan Requests
- Lender-Specific Policies
- Legal or Regulatory Issues
- Credit Fraud or Identity Theft
NB: it is important to ask/enquire why your APPLICATION WAS REJECTED, They SHOULD tell you the reasons
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