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What to do if you’ve been declined a loan

If you’ve recently found out your loan application has been declined, you may be wondering what to do next. It’s important you first understand why your application for a loan was rejected, so you have a better chance next time you apply.

Here are some steps to take if you have been declined a loan. 

Why have you been declined?

Before giving you a loan, companies will check your credit report to decide whether they want to lend to you. 

Morses Club PLC (LON:MCL) is an established, relationship-driven consumer finance provider offering a range of credit products and delivering exceptional services to customers in the non-standard finance market.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.