There are many possibilities leading to a loan refusal. Those are generally linked to the situation of the applicant, or it’s background. More specifically, the main reasons for a rejection are:
As stated above, every request is usually recorded to the ZEK. Therefore, someone making too many loan demands could be blocked for the current and future requests. The best practice is to limit the number of applications. It is also good to know that in case of rejection from an agency, the chances to get an acceptation with another agency is really low. For that reason, it is better to wait minimum 3 to 6 months before making another request.
For the next request, it is also a good point if you can prove an improvement to your file: lower expenses (insurances, home rent), or higher income (salary, husband/wife ‘s salary). In there is any doubt about your next application, it is also useful to work with a credit broker. So you could explain your situation and get personal advice.
In case of financial problems, there are specialized advisors working with debt relief.
Article written by Multicredit Team