“Risky” loans rejected
Posted on February 28th, 2008 by Michael
According to a recent survey which was carried out this month shows that 80% of applicants had their loan requests rejected.
Lenders are checking the history of consumers and if there are any signs of future difficulties then the loan is rejected. Potentially those who have never missed a payment could also be refused.
Here are a few ways in which a loan rejection could be prevented:
- Pay bills by direct debit so that you never miss a payment.
- Pay your loan of early which helps your credit record.
- Avoid reaching any credit card limits and close any unused accounts
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