We’ll constantly you will need to provide explanation or description whenever financing is declined. As an accountable lender, even although you’ve had that loan with us prior to, we operate complete credit and affordability checks on every application, generally there is no guaranteed acceptance.
A few of the crucial link typical known reasons for being declined for the PiggyBank loan are:
- you have got that loan available with us presently. You shall want to repay this before using away another loan.
- You may have changed target, banking institutions or a debit card recently, which includes perhaps maybe not been updated on your own credit history. This may occupy to six months, however it may be well well worth checking your credit history.
- Wrong informative data on your credit report. Review the given information here to see if you will find any errors.
- You can maybe maybe not spend the money for quantity required, or desired to spend it back over too few repayments. Decide to try distributing the repayments over a longer time, or trying to get a lot less.
- We couldn’t validate your debit card details. make certain we were holding place in accurately, and you also didn’t invest a card that is expired.
- You may have now been flagged by our Fraud Prevention service. If you’ve been a target of fraud, be sure that this is certainly mirrored on your own credit report.
PiggyBank really are a direct loan provider, perhaps maybe not an agent, and now we don’t charge any charges for trying to get financing with us. Some agents do charge a fee, so that it’s crucial to check on this before using for almost any kind of credit.
You should be able to reapply within 14 days if you are declined for a PiggyBank loan.
Why Has My PiggyBank Account Been Deleted?
It is our business policy that we eliminate consumer data for anybody which has hadn’t finished that loan application within 6 days of starting a free account, and, have not opted in to get marketing and sales communications.