What Do I Do If My Application Was Rejected?

It is very important to note that if you were rejected when applying for a bad credit loan, you should not be in a hurry to go apply for another one. All credit applications appear on your credit record, and multiple credit applications and rejections within a small timespan may signal to potential lenders that you are desperate for a loan.

This may lead them to view you as a risky individual to grant a loan to. Instead of damaging your credit rating that way, if you are rejected for a bad credit loan you should ask the lender for the reasons behind it. This may help you in the future when applying for other bad credit loans.

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