Have you asked for a loan online and they have rejected it? Before blaming the financial institution it is better that you do a mea culpa and that is if they told you no, it is likely that you do not meet all the necessary requirements. Learn why you do n’t qualify for a loan online.
You are not of legal age
Loans are only granted to people who have already fulfilled or are over 18 years old. If you are looking for a loan and you are under this age, be sure that no financial institution will risk lending you money.
Your credit history is not good
Let’s see… let’s see… if we have not behaved badly with those who lent us money at some time (banks, boxes, department stores, etc.), be sure that SBS and Infocorp know it. And how these entities have already registered us as a delinquent customer or with potential problems, no bank, not even online ones, will run the risk that we will not pay them either. Do you owe money to any entity? Then do not risk with online loans, they will reject you!
I recommend that you check your credit history on the SBS or askcorp website before requesting a loan online. If they do not give you a loan, it is for a compelling reason, all registered debts count. Even if you paid and got up to date, it has to be at least six months since your report changed so they can consider you for a large loan.
You exceeded your ability to pay
You have to be honest with yourself. If you already have two debts that you are paying, on time, but debts at last and they represent more than 30% of your monthly income, do you think it is reasonable to approve one more loan?
We all have, before the banks a payment capacity and a debt limit based on it. If we are about to pass it or we have reached its limit they will not lend us more money. If you want more money you must: increase your income to increase your ability to pay, or settle your outstanding debts.
Do you see how there are strong reasons why they don’t even grant you an online loan? If you need money urgently and your history is not so good I recommend that you evaluate other options. An alternative is a pledge that is a little less demanding (if you are a CCP you could qualify).