As you are reading this article, unfortunately we were unable to approve you for a Zip account at this stage.
Zip is a provider of credit and as such we need to check a few things to make sure we are being responsible.
We look at things like your credit score, income stability and if you can pay back the credit. We also check your identity via details provided, to make sure you are who you say you are. We aren't able to specify the exact reason as to why you have been declined, but we hope this gives you some idea on how we make a decision.
What we are really passionate about is not saying goodbye to you now, but instead working with you to improve your financial well-being so down the line you will be able to get approved for credit.
Here are a few tips on how to strengthen your credit applications in the future:
1. Consolidate and reduce your debt as much as possible
Reduce the number of your personal loans,credit cards, and avoid unnecessarily high credit card limits or short term high interest loans.
2. Manage your money on a regular basis
Get visibility of your spending by using a budgeting and money management tool like Pocketbook. Pocketbook automatically organises your spending into categories like clothes, groceries and fuel – giving you visibility of how your money is spent and how you can save.
In the future we are hoping to give customers the option to allow customers reapply at a later date.