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What if my application is declined?
Each day a number of applicants are declined by the lenders. If your application
is one of these this could be the result of the lender receiving negative comments
from a credit rating agency. If you are declined you may wish to investigate with
the lender which agency they have used. Once you the details of the agency you can
contact them to ensure the information they hold about you is accurate.
All credit rating agencies will provide a breakdown to the data they hold on you.
Obtaining such details is normally subject to a small administration charge but you
will be able to check that any negative aspects recorded are properly attributed to you.
If the information is incorrect you will be able to arrange for changes to be made.
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