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Personal loan
Has Your Loan Application Ever Been Rejected?
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[QUOTE="Abigael, post: 213341, member: 25357"] Applying for a loan is something that becomes an option sometimes for sure. But it should never be done frequently as being in debt always will hinder your financial stability. Personally, my loan has ever been rejected. The reason was that I had a negative credit reputation. This was after I paid one of my loans very late. A negative credit history is one thing that makes many people's loan application get rejected. This negative credit history could be due to having unpaid loans or because you frequently pay loans late. Therefore, if you want a future that grants you a loan when you actually need it, then keep your credit history positive. Another reason that people's application for loans get rejected is because the have failed to proof their ability to pay it back. For example, taking loans for a startup is something that most loan lending companies won't trust. This is because you are not really sure if you will earn the profits to pay back the loans. Loan lending institutions trusts an established business taking loans for expansion than one taking it for startup. Lastly, your documents are also very important when doing loan application. One may be easily rejected for not having some documents. Especially the most important ones like national identification card. [/QUOTE]
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Has Your Loan Application Ever Been Rejected?
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