Loan Rejected: 3 Tips on what to do and how to get a new loan
Below you will find all the information you need to understand the main reasons related to the denial of your credit application, how to behave in these cases and how to get a new loan easily and safely even with the loan refused.
With isocredit this is possible. You can get new cash right away and enjoy the money you need. From the purchase of your car or motorbike, for a trip or a holiday, for the wedding or to consolidate other loans. With isocredit you can easily get the money you need. Let’s find out all the details together.
1 Loan Rejected: motivations
First we try to understand why your loan application was not accepted. Given that there is no exclusive reason that determines a negative outcome for a request for funding, being able to determine the causes that may have caused the non approval of a request for credit is not simple.
Below we list the main cases that affect the resolution of a loan application, either through a bank or through a financial institution.
Here are the 9 main causes that have established that your loan has not been granted:
- uncensored (for those who have never done other funding)
- reported for late payment
- reported for signing as a guarantor
- recent requests for other financing
- too much indebted
- recently indebted
- insufficient income
- weak profile (can include new hires, type of employment, entry in Italy for foreign citizens, age, other)
Therefore there is always a reason; sometimes we read comments from our users who write ” they have not accepted the loan without motivation “.
Financials and banks today reason in a cold and automatic way; in fact, the computers that establish the outcome of an application for funding, based on the internal logic of the institute as well as cross different information acquired from various databases ( click here to find out more).
2 Loan Rejected: what’s up? What consequences does the applicant have?
When a request for funding is unsuccessful, the applicant is automatically reported in the SIC (Credit Information Systems).
Being reported involves, in most cases, greater difficulties for access to credit, but fortunately, as we will see later, there are valid alternatives.
The report to which we have just referred refers to a note connected to our personal data (therefore to our tax code) within the credit data banks such as Crif, Experian.
This non-positive evidence alerts all other credit institutions which, in the light of a recent denial by another company, will reject, in most cases, your credit application.
3. Refused Loan: What to do in these cases? How to get a new loan?
Many users of our site have written to us “the bank denied me the loan ” or ” loan refused agos ” or ” findomestic rejected me the financing ” looking for an answer on what to do in these cases. Fortunately, there is a solution.
In addition to knowing the origins that determine the non-approval of your request, it is logical to think that you are still interested in obtaining new liquidity. For this we answer 3 key questions below:
a. How can I cancel my request from end-to-end knowledge company? For this reason we advise you to read this article that explains how to act in these cases ( click here and continue reading).
b. when can I ask another one, after how long can I try again ? If you proceed through our company, you can activate immediately. By not using the credit databases such as end-to-end knowledge company, Experian and CTC, isocredit allows you to apply for a new loan immediately, without waiting for the canonical times provided by the financial companies.
Generally. before submitting a new loan application, we must wait at least 30 days from the date of the recent refusal. With us no, you can activate immediately, without any penalty.
c. do you need a release or a guarantor ? If you have asked for a loan and this has been refused for example by Unicredit or BNL, asking for a release is useless.
Even if you get this document, as long as you do not update your credit databases, the outcome of your new credit application, other institutions, would still be non-positive. The same applies if you submit a new request through a guarantor.
By loading the new application, the systems will automatically read the recent refusal and therefore reject the new practice.
Loan Rejected: how does it work with isocredit?
The service is very simple, practical and transparent. First, get in touch with us!
You can fill out the form also accessible through the button ” get the loan ” or by calling us or through the whatsapp number (in this case write us your name and the reason for your request).
After receiving your contact, within 24 hours, an expert will come into contact with you, with whom you can verify both the real possibility of accessing the credit and our best offer.
If you consider our conditions favorable and convenient, you will agree, directly to your home, a consultation.
With the approval of the contract, in a short time, you will receive the sum of money you need, by bank transfer or check.
We will compare the best solution for you by comparing different financial institutions and insurance companies. It does not matter if other institutions have not accepted your funding ; we do not even take into account any negative reports for late payments or protests or foreclosures (as long as you are an employee or a pensioner).
We are a flexible reality, oriented to meet the needs of each of our individual customers. Contact Us!