Oasis Personal Loans
Reality Check
You're viewing this page because you were declined by the Oasis software. Please see below how lenders see you.
To be blunt: No personal loan lender is going to lend to you based on your word. They rely on your history. So if you're history isn't good you need to fix it before you apply. That could mean waiting several years in the case of a credit problem or waiting until your probation period is over if you've just got a new job.
Unpaid defaults: If you have unpaid credit defaults it tells the lender that you can't meet your obligations even when you're faced with court action.
Ex Bankrupt: Yes things go wrong but a personal loan lender needs to be comfortable that you will repay you loan without court action. All they know about you is your history.
Sort term employment: Again all a funder is seeking is comfort that you have the ability to repay the debt.
Income sources: Again the lender has no choice. If you are on social security that is very difficult for a lender to work with. Social Security payments are designed to allow people to live and not have personal loan repayments.
MOST IMPORTANT: The Consumer Credit Code requires the funder to confirm that the borrower can repay the loan without hardship. If you can't show this please don't blame the funder.
THINGS TO DO TO MAKE THINGS BETTER IN THE FUTURE
1. Get a copy of your own credit file. Click here
2. Credit help Wesley Credit Line Click here
You're viewing this page because you were declined by the Oasis software. Please see below how lenders see you.
To be blunt: No personal loan lender is going to lend to you based on your word. They rely on your history. So if you're history isn't good you need to fix it before you apply. That could mean waiting several years in the case of a credit problem or waiting until your probation period is over if you've just got a new job.
Unpaid defaults: If you have unpaid credit defaults it tells the lender that you can't meet your obligations even when you're faced with court action.
Ex Bankrupt: Yes things go wrong but a personal loan lender needs to be comfortable that you will repay you loan without court action. All they know about you is your history.
Sort term employment: Again all a funder is seeking is comfort that you have the ability to repay the debt.
Income sources: Again the lender has no choice. If you are on social security that is very difficult for a lender to work with. Social Security payments are designed to allow people to live and not have personal loan repayments.
MOST IMPORTANT: The Consumer Credit Code requires the funder to confirm that the borrower can repay the loan without hardship. If you can't show this please don't blame the funder.
THINGS TO DO TO MAKE THINGS BETTER IN THE FUTURE
1. Get a copy of your own credit file. Click here
2. Credit help Wesley Credit Line Click here