It’s best not to apply for any more credit immediately after having an application declined as this suggests to lenders, you’re in financial difficulty, and you may be declined again. It’s advisable to wait at least three months before making a new application.
If you are approved for credit in the future, it’s incredibly important to make your repayments on time. The good news is that lenders make it extremely easy and hassle-free for you to make your repayments – it’s an automatic process and requires no manual input from you. They use a continuous payment authority that takes scheduled payments straight from your bank account on the dates you have agreed. All you have to do is make sure you have enough money in your bank to make the repayments.
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