Why am I not eligible for another loan?
There could be a number of reasons why you’re not eligible for another loan. A change in your financial circumstances, financial commitments or credit score could affect your eligibility for a new loan.
As a responsible lender, we’ll also look at how you’ve been getting on with Ferratum loans. Our short-term loans are only to be used for short-term financial needs and should not be used as a long-term borrowing solution, or if you are in financial difficulty. If we see repeat lending that could suggest long-term financial difficulty, we may ask you to evaluate your borrowing needs or seek free and impartial advice from moneyadviceservice.org.uk.