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Why Wont Halifax Give Me A Loan??
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Hi everyone. i would be of great apprciation if somebody could throw some light and my annoying confusing situation. I am a halifax customer for the past number of years. My salary gets paid into the same halifax account for that length of time(a decent salary). I have had 2 previous loans in the past with halifax and settled both of them without any defaults or arrears. I also had 2 other loans in that time which i also settled without any issues. I have a nice amount of savings with halifax wand also an overdraft of 5000 which i never need to use thankfully. My credit score is in at 830 out of possible 999 with credit experian. So at present i just have 1 loan which has only 6 payments left that sums to a small figure. Yet this morning i called into my halifax branch to apply for a loan and they informed me taht there was no offer for credit on my account therefore they woulnt be able to put an application through. i could not believe what they were saying and i laid my case on the table with the guy that served me. He after listening to me could not understand why i could not get credit. He suggested i call the credit approvals department with halifax for answers. Can anybody advise me or even have any idea why i cant get a loan from them.>> thanks guys/gals
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For more on marking an answer as the "Best Answer", please visit our FAQ.Hi again,
I view my credit report on a regular basis and everything is as it should be. I have never had a credit card and all other credit associations were cleareed and showing settled on my report thus giving me a good credit score. I have tried to contact approvals department but it takes forever to get through. Thank you for your answers nd suggestions i appreciate it. Its just so wrong to me to think that they gave me loans previously when i wasnt in as good a financial position that i am in now. I just wish somebody from halifax would have some common sense.
I view my credit report on a regular basis and everything is as it should be. I have never had a credit card and all other credit associations were cleareed and showing settled on my report thus giving me a good credit score. I have tried to contact approvals department but it takes forever to get through. Thank you for your answers nd suggestions i appreciate it. Its just so wrong to me to think that they gave me loans previously when i wasnt in as good a financial position that i am in now. I just wish somebody from halifax would have some common sense.
I wonder why your credit score is only 830? Mine is 999 with Experian.
Have you got a lot of credit cards with zero balance? If so, combined they could give you an available credit of tens of thousands of pounds. Write and cancel any card you don't intend using again.
Have you missed any payments on anything?
Have you got a lot of credit cards with zero balance? If so, combined they could give you an available credit of tens of thousands of pounds. Write and cancel any card you don't intend using again.
Have you missed any payments on anything?
I don't have a credit card and never had one in the past. I have 2bank accounts one with halifax and one with loyds. I have a 5000 overdraft on halifax which I never use as I have sufficient wages every week. I have 1. Outstanding loan with just 4 payments left. After that I am. Debt free and have cleared all past loans. On time every time. Never late on any payments on anything ???
Unfortunately the Experian credit score will have no relevance to the Banks, they all have their own system. The Banks systems are monitoring your account all the time and award a recommended credit limit to the account, I don't know how Halifax work, but I don't understand why they would not put your request through the system as at that point it would often offer a different amount as you update information. A stumbling block is your overdraft, if it is as high as £5000 you could of course draw that down at any time, so if you offered to give that up it may help in the decision making process.
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