The soaring price of everything makes people more need to do credit, namely Unsecured Credit (KTA). The ease of the KTA application process is one of the reasons why many people want to do it. You just need to complete the application form and wait for the results of approval from the bank.

Have your credit application been rejected? For no apparent reason, your credit application is rejected by the bank, and this definitely makes you curious. Don't get too immersed in your curiosity. We will reveal 6 reasons why your credit application was rejected.

Here are 6 Reasons Your Credit Application Was Rejected

1. Verification Failure

In the credit application form, you will be asked to write down your personal data along with a number that can be contacted. Be it your personal number or the number you work for. Make sure the number you write down is correct and can be contacted, because the number will be used by the bank to verify your personal data.

Verification failure occurs when the bank is unable to dial the number you provided. So, try to provide a number that is always ready to answer and can provide valid information about your personal data. 

2. Fraud or Fraud

Never try to falsify anything when applying for credit, be it personal data, information, or documents. If you commit fraud, it is certain that your credit application is rejected because the bank will verify first before agreeing to your credit application. Make sure all the data, information, and documents you list are as true as they are.

3. Unreadable Documents

Even if all the requested documents you have provided, your credit application will still not run if the document cannot be read clearly. Usually this problem occurs during the photocopy process. Make sure the results of your docusman photocopy can be clearly read before giving it to the bank.

4. The Amount of Credit Is Too Large

If you are asked how much credit you want, maybe you will answer the maximum. However, the amount of credit limit given by the bank to you is not determined at will. The amount of credit limit will be adjusted to your financial condition. Especially judging by how much you earn and your ability to pay installments.

If the amount of credit you apply for is too large from the amount and ability to pay installments, then the bank will reject your application.

5. Credit Card Bill Arrears

The bank has successfully verified, you have not committed fraud, your documents are clearly read, and the amount of credit you apply for is appropriate. But the bank still has other considerations before agreeing to your credit application, namely the track record of using credit cards.

Your credit application will be easier to approve if you are disciplined in paying credit card bills. From the track record of credit cards, banks can anticipate credit risk early on.

6. Bad Credit History

One of the bank's considerations before approving your credit application is your credit history. When you make a submission, the bank will check your previous credit history through BI Checking. BI Checking contains your entire credit history to either a bank or a non-bank institution.

A poor credit history will increase the chances of your application being rejected. Try to always be disciplined and on time in making credit payments so that your next credit application can be easier.

Be disciplined and enjoy the benefits.

Currently, using Unsecured Credit (KTA) is a need so that you can manage your finances better. Good financial condition is determined by you as the regulator of your finances.

Learning to be disciplined in managing finances, such as paying credit card bills on time and prioritizing needs over wants will greatly keep your financial condition well maintained. So you have a good credit history in BI Checking that will make it easier for you when applying for credit to the bank when needed.

By being disciplined in managing your finances, the chances of you experiencing credit rejection by banks will be smaller. Your discipline produces benefits that can help you when you need money someday. Be a disciplined person and you will enjoy the benefits of it.