We Are Not Able To Offer You A Loan

Because the information we received makes us think you may be financially vulnerable

We have looked at your credit report and noticed that you have started to miss credit repayments or have taken out a large number of loans in the last few months. It also looks like your debt is getting worse. As a responsible lender, we do not want to make your situation worse by adding to your debt.

Missing payments because you can’t afford to pay, or adding to debt that you are not already managing will make you financially vulnerable. It may be that you are beginning to miss payments on essential household expenses like gas, electric or council tax. Or that meeting these bills leaves you nothing to make debt repayments with or any savings for unexpected expenses.

If you can’t afford to make your repayments with other creditors then we must assume you cannot with any loan we give. It may also be that we feel we cannot take what little disposable income you have to repay our loan, leaving you even less to live on than before.

We are sorry we have been unable to offer a loan at this time.

Getting Into Serious Debt Can Happen Very Quickly

If you are starting to miss credit repayments, please contact the people you owe and talk to them about how you can work together to improve your situation.

Also, talk to an organisation that will provide advice for free such as Stepchange or Citizen’s Advice Bureau. They will be able to advise on the best solution for you. Select Seek free debt advice below.

You might also want to try the Money Navigator Tool to help you assess your financial position. Select How to deal with money worries below.

Once you are back on track and are able to manage your credit and household expenses, come back to us to see if we can start you off on a small loan.

Dealing with money worries

Whether your income is down and you’re worried about your future finances, you’ve lost your job or are facing redundancy, or are self-employed and can’t do your job, Money Navigator can help.

Find out:

  • what issues you need to deal with first
  • ways of to staying on top of your bills
  • how to find extra support you’re entitled to
  • where to get extra help.
Click here for more information

Seek free debt advice

If you’re struggling with debt, it can be hard to know where to turn. But with lots of free advice services available across the UK, you can find help in a way that’s best for you.

Find out more