Every day, thousands of people inquire about a loan. They do this either on the Internet or at a branch-operated bank. Not infrequently, there is a rejection of the loan request. The reasons for the rejection of credit can be very diverse and do not necessarily depend on the person. Because even an unfavorable residential area can flow into the decision.
The score value
Banks have long ceded their loans to good luck. If you want financial support, you must undergo a thorough review. And it’s not enough to be able to submit pay slips and a fixed employment contract. Rather, it is the score value that provides information about the creditworthiness.
The score value is a collection of empirical values from which a forecast for the future can be derived. Who buys a lot on account or on credit and always pays everything punctually and satisfactorily, will have a high score value. For those who show unreliability and who, for example, has too many mobile phone contracts or loan agreements, the score value can decrease. An unfavorable housing situation can also affect this. Because who lives in an area in which there are many debtors, can sometimes drop in score value. A fact that actually causes injustice, because you can not influence the payment behavior of its neighbors.
Other reasons for the loan rejection
Further reasons of the loan rejection can be found in the profession. So only consumers get a loan that have a fixed employment contract. Temporary workers, probationary staff, temporary employment contracts or even employment measures via the Employment Agency are not included. Here it will always come to a rejection. In addition, the salary must be correspondingly high and above the seizure limit. This is always calculated according to the number of people living in the household.
The best chances for a loan are therefore single people with a good income or couples without children.
Another ground for refusal may also be that the consumer already has a credit. If the money is insufficient to settle another loan, the bank will reject it here as well. And also overdrawn credit requests and credit sums can lead to a rejection. The overall package must always be right for the banks to release their money.