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by (Genius) (21.7m points)
Do also check if you don't have a negative credit report.
If the credit bureau report shows negative credit behaviour, your application won’t be approved.

Steps to take
Get your own copy of your credit report from a credit bureau (you get one free report per year)
Check the report for mistakes
Build a healthy credit score while you wait to apply again
Always make your payments on time

1 Answer

by (Genius) (21.7m points)
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Best answer

Reason: Possible fraud The South African Fraud Prevention Service (SAFPS) may have spotted something suspicious on your credit profile. Credit providers can’t ignore this and have to wait for the matter to be cleared up. Contact the SAFPS on 0860 10 12 48 to learn more.

Another Possible reason can be lack of affordability. Check with the credit provider if you can qualify for a smaller amount. Reduce your expenses and try to increase your income. Pay off some of your existing debt before reapplying. Save up some cash to use as a deposit.

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