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What Causes a Personal Loan Decline? Bad Credit, too Many Loan Applications, High Personal Debts

With the economy now officially in deep recession, personal loan decline rates are on the increase. After causing the recession and plunging millions of people into financial difficulties, the banks are belatedly applying more restrictive criteria when assessing loan applications. This has meant that only those with good credit and well-paid jobs are likely to be approved for payday loans no credit check.