Applying for Credit? It’s not just your Credit Rating that matters…

Even people with Excellent Credit can be rejected for Credit… One of the reasons… Affordability Checks

When you apply for Credit you may feel the Lender is going to look at your Credit Report and make the decision. If you have a Good or Excellent Credit Report you could still be declined for Credit…

Firstly, We should all be totally aware that when we apply for Credit we have no right to be approved. There are lot's of factors that can affect your application for credit.

Today we are looking at the new Affordability Checks. Affordability checks will consider your Income V your outgoings, this means, even if you have an excellent record of repaying credit each and every month, the Lender will consider what changes will happen if they approve your Credit application.

Due to the financial crisis of 2007/2008, Lenders have been under great pressure to ensure Responsible Lending. This applies to Loan companies, Credit Card companies and anyone else lending money. So if you apply for Credit and get declined despite a good credit rating, ensure your Credit Utilisation is low. You can check this at all of the Credit Reference agencies.

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Dad of 7, including Autistic Twins, first hand experience in Credit problems following the challenges faced with having Autistic children. (Unable to work due to supporting their needs, My credit rating became what can only be described as wrecked) Using my own experience, Credit 4 Everyone was born. A website dedicated to the rebuilding of a UK credit rating. The site was born providing the struggles in getting accepted and as things improved, the challenges one faces in maintaining a good credit rating. On this website you will find information regarding Pay monthly Credit catalogues, buy now pay later, mobile phone contracts for bad credit, current account options when your credit rating stops you getting even the most basic of services and personal loans/car finance. I will share my own experience which shows you how I built a credit rating with an Experian credit score of 120 and Equifax of 90 to a Credit rating both rated as Good in 2 years. How you can rebuild your credit rating, the companies that will help you on the journey and how things can improve. About the website Pay Monthly Catalogues with Credit, Buy it now pay later, Guaranteed Mobile phone contracts and Guaranteed no credit check bank accounts. Credit 4 Everyone specialise in helping people with bad credit get the credit they need. We offer Financial products and services for everyone and work hard to review products, our aim is in Helping you get accepted with our helpful hints and tips.

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