good credit but still acnt get loan

[alex30m]

ive managed to fix my credit rating to just below excellent but im still being refused credit...why?

im 30yo & self employed & can easily afford the repayments. what can i do?

[Whickerman]

Probably the self-employed part. Rightly or wrongly it terrifies banks - what would happen if you broke your leg?

[gordy_b]

Whickerman is probably right. Unless you can provide some audited accounts to prove your income has been static or upward trend for at least the last 3 years it can be difficult.

Another reason you may be refused credit is if you are applying to various different lenders. The more credit searches you go through in a short space of time (e.g 6mths) the LESS likely you are to obtain credit!

Consider leaving it for 7/8mths if possible and then try to find a lender who will look at your situation sympathetically BEFORE making an application.

[alex30m]

cheers gordy & whickerman. ive made one search for credit in the last year & i can produce wage slips for the past six months. in the last year ive got 2 credit cards & a store card which comes to 3k in credit which i pay off regular. the last time i missed a payment was in 2001. does being single, being a tenent go against me? & would it be wise to lie about this? i could always change it after i get the loan.

its just soooo frustrating cos i only want the loan for a couple of years & i know i can pay it off.

is it worth appealing the decision

[twiglet321]

DONT LIE!!! If for any reason you are found out they can default the loan and ask for it to be repaid, in full + interest immediately.