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Why is the loan always rejected?

"Why was my loan refused?" This is a question and pain in the hearts of many lenders!

Today, Piggy will show you why the loan was rejected, and what remedies are available if the loan is rejected?

one: excessive debt

Reason for rejection: excessive debt

Solution: increase income and reduce monthly repayment

Excessive debt means that the ratio of your expenditure to your income is too high, and if the ratio exceeds 7%, there is great risk. If you want to reduce debt, you have to increase your income or reduce the monthly repayment expenditure.

It is necessary to take a long-term view to increase income.

The way to reduce debt: It is suggested to change short-term loans and revolving loans into long-term loans, which will be shared every month, so that repayment expenses will be reduced and liabilities will be reduced.

2. Credit blank

Reason for rejection: Credit blank

Solution: Generate credit record

Credit Xiaobai has no credit record and will be rejected by some financial institutions.

This problem is very easy to solve. I suggest you apply for a credit card, pay back on time after spending by swiping it, and try again one month later. But remember, please don't overdue!

3: Income is too low

Reason for rejection: Income is too low

Solution: There is a stable bank flow

Some people have cash income, so they can't prove their income on the bank flow sheet. However, an effective bank statement is an important proof of your stable income. For cash income, it is recommended to deposit it in the bank at a fixed time every month, and the bank will think it is your "salary" or stable income.

IV. Missed phone call

Reason for rejection: Missed phone call

Solution: Re-apply for careful phone call

Refusal of loan due to improper phone call is relatively high in the loan industry. Some people always disagree. When filling in the information, they fill in the contact person at will, which leads to a lot of information inconsistent with the application form, so the loan is mistaken for false.

therefore, piggy would like to remind you that the loan needs to be practical and realistic. Please fill in the information carefully, prepare the vaccination for the contact person in advance, and cooperate with the phone call, and the pass rate will be significantly improved.

Wu: Age reason

Rejection reason: Age reason

Solution: Seek help from family members

There are restrictions on the age of the loan. If it is an age problem, it is recommended to find a guarantor or a lender.

Lu: guarantee for others

Reasons for rejection: guarantee for others, taking the blame

Solution: seek repayment from creditors

guarantee for others, which will make you blacklisted for credit information, and you will naturally be rejected if you want to borrow money.

the quickest way is to repay the loan for him, or help to urge him to repay the loan. Only after paying off the arrears and meeting the credit conditions can you apply for a loan again.

VII: Too many inquiries

Reasons for rejection: Too many inquiries

Solution: Seek the reasons for refusing the loan, and then borrow it later

Many institutions such as applying for credit cards, loans and online loans will inquire about your credit report. If you make too many inquiries in a short period of time, other lending institutions will think that you are short of funds.

Especially for some banks or demanding small loan companies, if you make more than three inquiries in the last three months, you will be easily refused loans.

Eight: Execution record

Reason for rejection: Execution record

Solution: Hurry up and end the lawsuit

There are lawsuits that have not been executed or are being filed, and many financial institutions will not grant loans. Because both the main defendant and the defendant are at risk of seizure of property, many lending institutions will directly refuse to lend. The only solution is to settle the lawsuit as soon as possible and then apply for a loan.

IX: Bad credit

Reason for rejection: Bad credit

Solution: Repair credit

The credit report is a dynamic record, and the People's Bank of China records the last five years; Most banks and loan companies focus on the records of the last two years. Generally overdue, timely repayment, you can apply again after two years; If you have bad debts, you must pay them off first, and you may be "innocent" after five years.

in some loan products, in addition to checking my own credit information, I will also check my spouse's credit report.

Piggy Blackboard

There are various reasons for rejection, no matter what the reason, don't lose heart. Find the right reason and prescribe the right medicine. With the help of piggy, you can meet your loan demand in one stop and be the most temperature lending institution around you.

piggy helps, and I look forward to helping you.