After a negative credit decision

After a negative credit decision

If our loan application was refused, then the possibility of submitting another inquiry depends on the reason why we have not received the money. We applied for the next commitment, even though we haven’t given back the previous one? Only the payment of receivables opens the way for further loans. In legally operating loan companies, you cannot have two or more loans open at the same time. Do we appear in the BIG registers as a debtor? We must pay the debt to disappear from the shameful list and only then can we submit the application. The situation is similar with a bad credit history in BIK. We have low credit standing?

Let’s try a different loan company or apply for a lower amount. Our application was rejected due to incorrect data? Let’s fill it out again, paying attention to the correct entry of information. As you can see, everything depends on our individual situation. Only in CashMo, Eicredit and MoneyCane is a clearly defined deadline after which we can submit another application. New customers have to wait 30 days, while permanent clinics whose application has been rejected can submit a new form the day after the decision is issued.

For another loan

For another loan

If we want to reach for a second or subsequent loan, we must have the previous payment fully settled and complete all formalities that are incumbent on us in relation to the lender. However, in most companies there is no specific deadline to elapse between the two applications. This means that we have an immediate opportunity to apply for another loan after the repayment of the previous liability has been approved. The situation of customers of Ekspres Kasa, Ofin.pl or Ferratum Bank looks slightly different – they have to wait 24 hours from the repayment of the previous payday loan. Eicredit and MoneyCane have similar conditions. Vivus approaches this issue even more restrictively, where you can apply for a larger amount after 7 days after the previous loan has been given.

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