Declined Notice
We have declined your loan application because you have a lot of debt
Unfortunately, we cannot lend to everyone and the information on your credit report tells us that you have accumulated a lot of debt and it would not be responsible for us to offer you a loan.
As a credit union, we want to protect our members from further borrowing that would increase unmanageable debt and add to their financial problems. That’s why it is important for us to understand how much debt our members have when we look at loan applications.
Facing up to Debt
Debt can be a real burden if you are struggling to keep up repayments. A change in circumstances such as losing your job, a reduction in benefits or unexpected expenses that cause you to miss credit repayments are some of the ways that debt racks up and becomes unmanageable.
If you can’t manage your money and are struggling to meet your expenses, don’t ignore it and hope it will go away. Ignoring your debt will only make things worse and they can get out of control.
Worrying about debt can also affect your health and increase stress for you and your family.
Getting Debt Advice
If you are struggling with debt it is important you contact someone for help and there is lots of free help out there. Visit our Debt Advice page to see details of agencies that can help
We also have lots of money management tips and ideas to help you with your budgeting and managing your debts in our Wave Money guide here.
Contact Us
0300 303 3188
info@wavecb.org.uk
Tisbury Road Offices, Hove Town Hall, Tisbury Road, Hove BN3 3BQ
Opening Hours
Our Help Points are open to the public and our phones are open Monday to Friday between 9.30am-1.00pm and we continue to monitor our emails between 9.30am to 4.00pm.
You can view our Christmas Opening Times here.