There may be several reasons for your credit application being rejected or for being approved for a smaller credit than expected. The most common factors include:
Insufficient disposable income: If your disposable income is insufficient, it may impact the credit limit we can issue to you or result in a rejection of your credit application. The required disposable income varies depending on your household and personal situation.
Lack of sufficient banking data: We require at least 6 months of banking data to assess your financial situation. It may affect the creditworthiness assessment if you connected a recently opened bank account or if you have an unusually low transaction frequency.
Indications of defaulting on other debt: If the data we receive from eSkat indicates that you are in default on another debt, or if you have payment remarks recorded in a debtor register, the credit application will be rejected.
Active Credit Warning: If you have registered a Credit Warning in the CPR register, the credit application will be rejected. You can remove this registration via www.borger.dk.
If the above reasons do not match your circumstances or expectations, feel free to contact our customer support for further assistance.