Personal Finance South Africa
Personal Finance South Africa
February 5, 2025 at 05:57 AM
📢 Loan Declined Due to Arrears? Here’s Why & How to Fix It! Even with a 600+ credit score and affordability, lenders will automatically decline your application if you have arrears on your credit profile. Why? Because arrears signal high risk, and lenders won’t take the chance. Think of it this way: If a friend didn’t repay someone else, would you lend them money? Probably not. Lenders check your credit report the same way before making a decision. The good news? Debt consolidation can help you settle arrears and regain financial stability. One monthly payment, reduced stress, and a second chance at credit approval. 📌 Take control today! Read more here: 👉 https://premierfinance.co.za/declined-due-to-arrears-how-to-take-control/
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