Why was my application declined?
Updated: Monday, 18 September 2023
We specialise in providing finance to those who may have been declined finance elsewhere or have poor credit, but we can’t always provide finance to everybody who applies.
If you don’t meet our specific pre-application criteria, unfortunately then we will need to decline your application. However, this doesn’t that we won’t be able to accept you in the future.
We can decline you directly after application or after completing a full credit search. In most cases we won’t be able to confirm the specific reasons why we’ve declined an application, but we will refer you to our credit reference agencies who can confirm further information for you.
If you’ve been declined and would like to check your credit score, as well as see if other lenders will finance you for a vehicle, try using ClearScore or Experian. They can even offer advice on guidance on how to better your credit score.
We specialise in providing finance to those who may have been declined finance elsewhere or have poor credit, but we can’t always provide finance to everybody who applies.
If you don’t meet our specific pre-application criteria, unfortunately then we will need to decline your application. However, this doesn’t that we won’t be able to accept you in the future.
We can decline you directly after application or after completing a full credit search. In most cases we won’t be able to confirm the specific reasons why we’ve declined an application, but we will refer you to our credit reference agencies who can confirm further information for you.
If you’ve been declined and would like to check your credit score, as well as see if other lenders will finance you for a vehicle, try using ClearScore or Experian. They can even offer advice on guidance on how to better your credit score.
For a better road ahead
Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.
Moneybarn is the trading style of Moneybarn No. 1 Limited, a company registered in England and Wales with company number 04496573, and Moneybarn Limited, a company registered in England and Wales with company number 02766324. The registered address for these companies is: Athena House, Bedford Road, Petersfield, Hampshire, GU32 3LJ.
Moneybarn’s VAT registration number is 180 5559 52.
Moneybarn Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702781)
Moneybarn No. 1 Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702780)
