While your credit score is an indication of your credit worthiness, which is important to your credit application, it is not the only factor considered by credit providers when assessing your application. Your credit application may be declined if:
1. You can't service the loan repayment.
2. You’re currently using too much credit.
3. You are considered to be too risky.
4. You don’t meet requirements set by the credit provider, such as citizenship, age and employment.
In addition, lenders may also refer to data beyond the Experian credit report, for example credit information from other bureaus, and your bank statements, to make the final credit decisions.