Why was my application rejected or declined?

Here's why your application may be rejected or declined.

There are several potential reasons why your application may not have been successful this time. Here are some of the most common reasons for declining an application;

• New applicants under 21 years old are not eligible
• New applicants under 30, who are solely reliant on Centrelink Income are not eligible.
• Having existing loan/s that you are struggling to repay
• If you already have several loans that you are paying back
• If you tend to withdraw your income from your account on the same day you are paid
• If you don't have a high enough income to afford your expenses & an additional loan repayment
• If you have a recent history of poor credit—such as being currently bankrupt, participating in a Part 9 debt agreement, having defaults listed by other lenders, or holding a low credit score —these factors can impact the outcome of your application.