Please refer to our Cookie Policy for important information on the use of cookies. By continuing to use this website, you agree to this.

If I'm not approved for a loan, can I find out why my application was declined?

When applying for a loan, there is a possibility that your application may be declined, even if you have been accepted for a loan by us in the past. Short term loan approval is based on a number of factors, and we have many elements to assess and consider when deciding whether or not to approve your loan request.

When Lending Stream is in the process of making an approval for a short term loan, the decision isn’t immediate; this is because as a responsible lender, we carry out personalised checks on every applicant before a decision is made. If you have been accepted for payday loan approval in the past, you may assume that a short term loan approval with Lending Stream is similar and it will be made on your application very quickly. However, Lending Stream sees every applicant as an individual, meaning our short term loan approval can sometimes take a little longer than expected.

If information we receive from a credit reference agency is a factor in denying your application, we'll let you know the name of the credit reference agency by email, so you can check your credit file with them if you wish. If you have experienced a quick payday loan credit check in the past, this differs from short term loans with Lending Stream. It is quite a complex process, and unfortunately, our customer service representatives don't have access to why a particular application is declined.

If you would like further information, you can read more about the short term loan process with Lending Stream and how it differs from common payday loan decisions on our How It Works page. Alternatively, you can get started with our loan application process.

 Previous Back to FAQs Next 


1325% APR

Learn more about the cost of your loan, default charges, risks and prepayments.

Responsible Lending: Carefully consider whether a loan is right for your individual financial situation. Borrowing of this type is an expensive form of credit that may be appropriate for short term financial needs but which is not appropriate for longer term borrowing or if you are in financial difficulty. All loan application are subject to status, terms and conditions and to satisfactory passage of checks on credit worthiness and affordability.

We don't offer loans under 60 days. Early prepayment options that are available are not associated with any fees or cost. Maximum APR of 1698.1%. Given a Representative APR is 1325%, if you borrow £200 over 6 months at 292.0% p.a. (fixed) your first repayment will be £33.60 followed by £96.00, £75.84, £66.88, £62.40 and £48.96 the following months. You will repay £383.68 in total, there are no additional fees.