"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.