Can I be turned down for a loan?

Can I be turned down for a loan?

Yes, any lender can turn you down for a loan. When you check you eligibility for a loan, it’s up to the lender to decide whether they can lend to you (it’s their money, after all).

It’s important to know that each lender looks at your credit report to decide whether the loan or credit is affordable.

This information, along with each lender’s own set of conditions, helps them work out if they can give you a loan or credit.

Each lender calculates the credit score differently. For example, a person may get turned down because their credit history is limited, or their credit profile shows they’ve had trouble repaying debts in the past, or their file shows a number of ‘search footprints’ from previously applying for loans.

In the view of a lender, all of these examples can make it riskier to lend to a person, which is why they might be turned down.

FAQs: Pick a category below you may need help with

All loans

Baffled by all loan types? In this section we go over the key things you need to consider before you take out a loan.

Bad credit

If you're unsure why you've got bad credit, we can help. Here we explain its causes and how you can improve your score.

Secured loans

Get to grips with how secured loans work and what you need to bear in mind when taking out this type of loan.

Baffle-free guides to borrowing


Loans guides

Loans can be super confusing, but never fear – our set of loan guides will help you beat the Baffles.

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Managing money guides

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Credit score guides

Understanding your credit score isn’t always straightforward. But our guides will help put you on the right path.

Learn more about credit scores

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