The population's demand for credit products is constantly growing, while the benefits that banks that provide them have are also obvious. However, it often happens that having applied for a loan, a person is rejected, although in his opinion the information provided by him to the bank confirmed his creditworthiness. There may be several reasons for this.
Instructions
Step 1
The questionnaire that you fill out in the bank, which contains various information about you, is in fact a scoring system that allows you to automate the assessment of your creditworthiness. When filling out one or another item, the system assigns you a certain number of points. If you do not collect the number of points in the amount established for the issuance of a loan, you will be clearly refused. This can happen even when there are enough points, but at some points their number will be zero. So, for example, the reason for the refusal may be a dash in the column "Home phone number".
Step 2
In addition, getting information about you in other databases, for example, ATS databases, is now not a problem. Therefore, the reason for the refusal may be your, albeit closed, conviction or multiple drives to the police. These reasons also include a criminal case that was brought against you, even if it was closed for lack of evidence. Any not very appealing fact of your biography automatically deprives you of the opportunity to get a loan.
Step 3
Provided that all the information you provide is accurate, you may not get a loan just because the organization you work for constantly changes names and is hiding from paying taxes. What matters is your overall seniority and seniority in the company in which you currently work. Even your appearance can serve as a reason for refusal.
Step 4
A database of credit histories of those citizens who have ever applied to banks for loans has already been created. Therefore, cases of delay in payments on loans received in the past will be taken into account when receiving a new loan. Of course, credit history is a more objective indicator of the borrower's solvency, honesty and accuracy. Therefore, if you have a good credit image, you can expect to be able to borrow money from the bank.
