We've listed a number of actions below to help you improve your chances of a successful loan application.
Double check your application
The smallest of mistakes can affect the outcome of your application. For example, if you live in a flat your address may need to be written as "Flat A, 123 High Street" rather than "123A High Street". You should be able to rectify these mistakes with your lender.
Improve your credit history
Late and missed payments can negatively affect your credit rating. Fortunately, there are a number of things you can do to improve your credit rating such as getting on the electoral register. See our article about improving your credit score.
Build your credit history
If you've never borrowed in the past then the lender will find it hard to know how good you are at managing money.
If you have a need for a loan, building your credit rating early through sustainable borrowing and repayment will help to build up your credit rating for future borrowing.
Check your credit report
There could be errors on your credit report that you're unaware of, so it's best to regularly check your report to rectify any potential inaccuracies.
Reduce the number of applications
Multiple applications in a short period of time can give the impression that you need money quickly. If you're simply looking to see how much you'd need to pay back per month then you can request a personal loan quote instead.
Take a look at our range of loans and select the one that suits you best.