Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Loan protection: One in four credit applicants rejected

One in four people applying for credit in the UK are rejected, research has revealed.

Price comparison website has found that almost 4.5 million Brits have been turned down for a credit card or loan over the last year.

By being rejected for credit, these people are putting their credit profile at risk.

Kevin Mountford, head of banking at, said: "It's worrying to see such a huge number of people being rejected for credit cards or loans.

"Rejected applications can have a damaging affect on your credit score and further reduce the chances of you qualifying for another credit product in the future."

He added that people can avoid being declined by spending time researching the best card for their specific needs.

The research showed that 36 per cent of people aged between 18 and 34 have been turned down. It also revealed that men are more likely to be rejected than women, with 28 and 23 per cent being declined respectively.

Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his belt.

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide