I need a loan but keep getting declined South Africa

Whether its affordability, poor credit record or you simply do not meet some of the stringent criteria, this can be disappointing to say the least.

Different lenders use different systems for working out your score. They won’t tell you what your score is but if you ask them, they must tell you which credit reference agency they used to get the information about you. You can then check whether the information they used is right.

Because creditors have different systems to work out credit scores, even if you’re refused by one creditor, you might not be refused by others.

You may be able to improve your credit score by correcting anything that is wrong on your credit reference file.