Can’t Get Approved For A Loan?
Here’s Why and What to Do Next
If you’ve been denied for a loan multiple times, it usually isn’t random. Lenders follow very specific rules—and once you understand them, you can improve your approval chances quickly. Our new book on Amazon goes over the 33 reasons
folks are declined for a business loan, some of the reasons may apply to personal loan declines as well.
Personal loan decline reasons:
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Income inconsistency
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Credit utilization too high
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Too many recent inquiries
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DTI (debt to income) ratio too high
How to fix this:
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Reduce utilization below 30% (But above 10%).
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Wait 90 days after causing an inquiry, or monitor for free on Experian.com.
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Document income properly where you can
FAQs
Q: Why do lenders keep denying me?
A: Call us at (909)-930-9159 to find out why
Q: Can I still get a loan with bad/poor credit?
A: The words "bad" and "poor" are opinions,
--they may or may not be actually true.
Only experts like those at A1 can tell you the truth
of your situation by knowing all the factors involved.
Call us at (909)-930-9159 to find out.
Q: If I can't get a loan, can you help me with money
in other ways?
A: Absolutely!...Click our "Earn Commissions" button at
the top of the page.
We also can possibly get you money out of your vehicle's equity, if it's under 10 years old.
Call us at (909)-930-9159 to find out.
