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Company Loan Type APR Est. Pmt.

loan application is turned down

Posted on: 23rd May, 2009 08:21 am
I have applied for a loan but it is denied. what are the possible reasons & solutions to make it happen?
did the lender not tell you? you should receive a denial letter. call them up and they'll be able to tell you, robert. we cannot begin to give you reasons, since we know nothing about your application.
Posted on: 23rd May, 2009 08:55 am
Yes ,
Exactly lender might send you the letter in which he specifies the rejection of loan with proper reasons.
Lender must send it check your postel box.
Posted on: 24th May, 2009 03:06 am
Improve your credit score and freshly apply after 2-3 months.

keep in touch...
Posted on: 24th May, 2009 03:26 am
A range of reasons though this may not apply to you, and it is a short list since you did mention what type of loan you applied for. Low credit scores/ bad credit history, do not have enough income to qualify, value of the home is too low to qualify, judgments / liens against you, are a few possibilities to name a few, your company should have contacted you and not leave you in the dark.
Posted on: 01st Jun, 2009 06:49 pm
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