5m Loan and Credit Card Applications Rejected
Almost five million loan and credit card applications were rejected during the last six months of 2008, according to research published by MoneyExpert.com. 56% of Brits who have applied for either a loan or a credit card have been denied.
Those who are most likely to be refused either a loan or a credit card are younger adults aged 25 to 34, as almost a quarter (21%) failed to get accepted during this period.
MoneyExpert advise that you should not apply for multiple credit cards and that those who have a poor credit history may not be accepted for market leading offers, so should be careful before applying.
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