What to do if the bank refused to issue a cash loan

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I'm taking out a loan for the first time, but I'm getting rejected - what should I do?
This is a fairly common situation, especially if the initial appeal is for a large sum at once. All the advice from the previous section will be relevant here.

We advise you to start a credit relationship with new zealand telegram database the bank in advance. The first time, it is better to come for a small amount. This can be a small consumer or commodity loan or a credit card with a low limit.

The main thing is not to overdo it: you don’t need to open several credit products at once. It’s enough to take one and close it after a few months. After that, you will be able to apply for a higher amount.



The main thing to avoid immediately after a refusal is submitting repeated applications, because this can lower your credit rating. The bank has the right not to inform the client of the reason for the refusal, so at this stage it is necessary to carefully analyze all the questionnaire data to understand which factor has become the key one.

If the reason is clear, then eliminate it and apply for a loan again with changes. If after this you still get a refusal, then you will have to take a break for up to three months and then resume your attempts.