2023年10月12日 • 4分钟
你终于决定去争取了. Whether you’re making a big-ticket purchase, 买一辆新车, 或者买房子, you probably need to apply for a loan. But what happens if your loan application gets denied? While it may mean your plans are on hold, at least temporarily, it’s not a reason to panic.
Financial institutions decline loan applications all the time. The good news is, they have to tell you why you were denied. Here’s what to do if your credit application was denied, 比如个人贷款, 汽车贷款, 抵押贷款, home equity line of credit (HELOC) or other loan or line of credit.
Before you do anything else, figure out why your loan application was denied. Lenders are required to send an adverse action notice—a disclosure that explains why you didn’t receive approval—within 30 to 90 days of a credit denial.
Common reasons for loan denial include:
If you were turned down because of something in your 信用报告, the adverse action notice will inform you what the issue was and will provide the name of the reporting credit bureau.
You’re eligible for a free copy of your 信用报告 如果你的申请被拒绝. (In fact, anyone in the US can request a free 信用报告 each week.) It’s important to review it: In a recent 《太阳集团官网》 study, 34 percent of consumers surveyed found at least one error in their 信用报告1.
常见问题包括:
You can report or dispute any errors and inaccuracies to the credit bureau.
If your 信用报告 is accurate, then you’ll need to 提高你的信用评分. One way to do that is to get caught up on any late payments you may have and continue to make your payments on time—late payments can stick to your credit file for up to seven years.
There are also products that can help you re建立你的信用 by increasing your score. 查看我们的 ScoreUp贷款 和我们的 担保信用卡, or 跟我们谈谈 to learn more about other ways to re建立你的信用.
If your credit balances are high compared to your income, you should start paying down 你的债务 as quickly as possible. If your current earnings don’t support that, save on gas, groceries, and utilities; 在家赚钱; or look for ways to 紧缩预算.
申请了很多信用卡, 个人贷款, 汽车贷款, 房屋贷款, and business loans in a short amount of time can hurt your 信用评分 and, 更糟糕的是, make it look like you’re in financial trouble.”
Maxed-out credit cards aren’t doing you any favors. Get all your balances below 30 percent of each card’s limit to give your score some TLC.
Need some help paying down that debt? 这里有一些 偿还信用卡的方法.
申请了很多信用卡, 个人贷款, 汽车贷款, 房屋贷款, and business loans in a short amount of time can hurt your 信用评分 and, 更糟糕的是, make it look like you’re in financial trouble. Stick to applications that you need and apply for your loan again in a few months.
If you haven’t borrowed before, you may need to 建立你的信用. One way to establish credit is to become an authorized user on your spouse or a parent’s credit card. They’ll need to have good credit and a good payment history, and it’s even better if they’ve had the account for a long time.
你也可以试试 担保信用卡, which lets you borrow against a refundable security deposit. Make your payments on time and your 信用评分 will go up each month.
If you’re establishing a good 信用记录 or dealing with some financial setbacks, a 联保人 or co-borrower may be key to getting approved for your loan. 甚至更好的, 如果你的担保人有良好的信用, 你可能会锁定一个太阳集团官网, 更高的贷款金额, 或两个.
Your chances of approval might improve if you apply for a smaller loan amount. While this may mean scaling back on your plans for that big purchase, you’ll be able to pay down a smaller loan much faster. (一些银行, 包括Patelco, will automatically offer a lower amount that you may qualify for, 有关若干贷款申请.)
Make sure you’ve explored all your options — and get personalized advice for your situation — with one of our 注册金融专家. Schedule an appointment for a free financial checkup and learn how you can reach your goals sooner.
作为Patelco的成员, you have complimentary access to Banzai, which gives you the financial knowledge you need to tackle real-world situations.
If you’re declined for a loan because of your 信用记录 or because of outstanding debt, here’s some courses that may be of particular interest:
When it comes to your 信用评分, there are two factors that matter the most. Find out the biggest factors, so you know the best way to increase your score. There are also other factors that affect your score, but they have a smaller effect.
Do you need to make a major purchase? Here’s how you can decide if it’s best to use savings or get a loan for big ticket items.
试图摆脱债务? 了解债务合并, 如何整合债务, and the pros and cons of consolidating, to help you decide if it’s right for you!
1 《太阳集团官网》, “More Than a Third of Volunteers in a 《太阳集团官网》 Study Found Errors in Their 信贷 Reports,6月10日出版, 2021
