Submitted on Monday 16th April 2018
Rejected on Tuesday 24th April 2018
Current status: Rejected
Rejection code: irrelevant (see below for details)
Banks should clearly explain the reason for declining an application
When a customer applies for a financial product online or in the branch and the application is refused, banks give a standard response saying "the application was declined due to your financial circumstances".
There is no clear explanation on what evidence from one's credit profile the application was refused.
If this information is produced by the banks (example - due to defaults on your profile or because on bankruptcy filed or not enough evidence of managing credit etc), it will be useful information for the customer to work with.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
This petition is calling on banks, not the UK Government or Parliament, to take action.
3.15.214.185 Thu, 21 Nov 2024 16:52:57 +0000
