There are several common reasons why your online payday loan application with Loan Express might have been declined. Our automated system carefully reviews each application based on a variety of factors to ensure responsible lending practices for all Canadians. Here are some key reasons for a decline:
- Income Requirements Not Met: We have minimum income criteria to ensure you can comfortably repay the loan.
- Unstable Income: Consistent and verifiable income is important for loan approval.
- Banking Information Issues: Problems with your bank account can lead to a decline.
- Past Loan History with Loan Express: Previous repayment issues with us may affect your current application.
- High Existing Debt: Your overall debt obligations are considered during the review.
- Non-Compliance with Provincial Regulations: We adhere to all payday lending rules in each province we serve.
While our system makes automated decisions, if you believe there might be an error, please email us at help@loanexpress.ca with the details and explain why you think your application should have been approved.
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