If you have decided to make a credit redemption but have obtained a refusal from your bank or credit institution, this does not mean that you are not eligible for this type of transaction, but most likely that you have not reached the scoring required by this institution for the approval of a credit.
If you have analyzed your situation and made your calculations, and you consider that a repurchase of credit is the solution adapted to your situation, know that a refusal with an organization does not necessarily mean that you will have the same negative answer from another financial institution.
Let’s see what you can do if you have been denied credit.
The first thing to do is of course to try to understand the reasons for this refusal.
These reasons can be multiple and one should not hesitate to ask details to the organization which refused you. You will know more precisely if this is a decisive criterion – such as your borrowing capacity – or not.
If the reason for refusal is decisive, it is likely that the repurchase of credit will be refused to you from other financial organizations.
Another reason for refusal may be the fact of being stuck at the Bank. If you had banking incidents that led to your listing, you must of course resolve them before you can benefit from a credit redemption.
If the reasons for the refusal are related to your professional situation – for example CDD or profession – then you can go to another organization because they do not all have the same way of calculating their scoring.
So you can find other organizations that will accept your CDD as being an acceptable situation and offering sufficient collateral especially if you can show that the income you have can repay the repurchase of credit.