{"id":21277,"date":"2025-12-16T17:12:27","date_gmt":"2025-12-16T17:12:27","guid":{"rendered":"https:\/\/credilink.pt\/what-to-do-when-a-bank-refuses-your-credit-application\/"},"modified":"2026-01-14T12:41:48","modified_gmt":"2026-01-14T12:41:48","slug":"what-to-do-when-a-bank-refuses-your-credit-application","status":"publish","type":"post","link":"https:\/\/credilink.pt\/en\/what-to-do-when-a-bank-refuses-your-credit-application\/","title":{"rendered":"What to Do When a Bank Refuses Your Credit Application?"},"content":{"rendered":"\n<p>Receiving a credit refusal can be frustrating, but it does not mean the process is over.<br\/>A refusal is simply a sign that something in your profile or documentation does not meet the bank\u2019s criteria \u2014 and in many cases, this can be corrected.<\/p>\n\n<p>In this article, we explain the most common reasons for credit refusals and what you can do to regain real chances of approval.<\/p>\n\n<h2 class=\"wp-block-heading\"><strong>1. Why do banks refuse credit applications?<\/strong><\/h2>\n\n<p>Financial institutions assess several factors before approving or rejecting a credit request.<br\/>The most common reasons include:<\/p>\n\n<p><strong>1.1 Taxa de esfor\u00e7o demasiado elevada<\/strong><\/p>\n\n<p>If the percentage of your income committed to monthly repayments exceeds 35% to 40%, the bank may consider you a higher-risk borrower.<\/p>\n\n<p><strong>1.2 Negative records with the Bank of Portugal<\/strong><\/p>\n\n<p>Late payments, defaults, or outdated information in the<a href=\"https:\/\/credilink.pt\/mapa-responsabilidades-banco-portugal\/\"> Credit Responsibilities Map<\/a> may lead to immediate rejection.<\/p>\n\n<p><strong>1.3 Insufficient or unstable income<\/strong><\/p>\n\n<p>Temporary contracts, irregular income, or income that is too low can negatively affect the assessment.<\/p>\n\n<p><strong>1.4 Negative banking history<\/strong><\/p>\n\n<p>Frequent overdrafts, failed direct debits, or inconsistent account movements are considered warning signs.<\/p>\n\n<p><strong>1.5 Profile does not fit the bank\u2019s policy<\/strong><\/p>\n\n<p>Each bank has its own criteria. You may be rejected by one institution and approved by another, provided you meet its approval requirements. <\/p>\n\n<h2 class=\"wp-block-heading\"><strong>2. O que fazer logo ap\u00f3s a recusa?<\/strong><\/h2>\n\n<p><strong>2.1 Ask the bank for a clear explanation<\/strong><\/p>\n\n<p>Segundo a legisla\u00e7\u00e3o, o banco deve explicar os motivos da recusa.<br\/>Isto \u00e9 essencial para saber o que corrigir.<\/p>\n\n<p><strong>2.2 Check your Credit Responsibilities Map<\/strong><\/p>\n\n<p>Log in to the <a href=\"https:\/\/sts.bportugal.pt\/adfs\/oauth2\/authorize\/?scope=openid%20allatclaims&amp;state=2e7a22916dba16ed9f5787d9e3181d94&amp;response_type=code&amp;approval_prompt=auto&amp;redirect_uri=https%3A%2F%2Fwww.bportugal.pt%2Flogin%2Fadfs&amp;client_id=a6b20362-54ae-4aa8-80d7-840c697f5a36\">Bank of Portugal<\/a> website and check:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>Active credits<\/li>\n\n\n\n<li>Outstanding balances<\/li>\n\n\n\n<li>Payment delays<\/li>\n\n\n\n<li>Possible errors<\/li>\n\n\n\n<li>Issues that have already been resolved but not updated<\/li>\n<\/ul>\n\n<p>If you find incorrect information, request a correction from the responsible bank.<\/p>\n\n<p><strong>2.3 Improve your banking behaviour<\/strong><\/p>\n\n<p>Avoid:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>Overdrafts<\/li>\n\n\n\n<li>Late payments<\/li>\n\n\n\n<li>Very low account balances<\/li>\n\n\n\n<li>Inconsistent transactions<\/li>\n<\/ul>\n\n<p>Simple improvements can significantly change the bank\u2019s assessment.<\/p>\n\n<h2 class=\"wp-block-heading\"><strong>3. How to improve your profile before applying again<\/strong><\/h2>\n\n<p><strong>3.1 Reduce your debt-to-income ratio<\/strong><\/p>\n\n<p>You can do this by:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>Credit consolidation<\/li>\n\n\n\n<li>Paying off small debts<\/li>\n\n\n\n<li>Reducing or cancelling credit cards<\/li>\n\n\n\n<li>Increasing your declared income<\/li>\n<\/ul>\n\n<p><strong>3.2 Organise your documentation<\/strong><\/p>\n\n<p>Having updated tax returns (IRS), payslips, and bank statements is essential to convey trust and financial stability.<\/p>\n\n<p><strong>3.3 Apply with a co-borrower<\/strong><\/p>\n\n<p>Two incomes may make it possible to obtain credit that would not be approved individually.<\/p>\n\n<p><strong>3.4 Increase the down payment (in the case of mortgage credit)<\/strong><\/p>\n\n<p>The lower the risk for the bank, the higher the probability of approval.<\/p>\n\n<h2 class=\"wp-block-heading\"><strong>4. One bank refused\u2026 another may approve<\/strong><\/h2>\n\n<p>A refusal <strong>does not mean<\/strong> it is impossible to obtain credit.<br\/>Each bank has:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>Its own criteria<\/li>\n\n\n\n<li>Different debt-to-income limits<\/li>\n\n\n\n<li>Distinct internal policies<\/li>\n\n\n\n<li>Specific products for certain profiles<\/li>\n<\/ul>\n\n<p>It is very common for a person to be refused by one bank and approved by another under good conditions.<\/p>\n\n<h2 class=\"wp-block-heading\"><strong>5. How a credit intermediary helps after a refusal<\/strong><\/h2>\n\n<p>An experienced credit intermediary analyses your case and identifies the best strategy to increase your chances of approval.<\/p>\n\n<p><strong>What does this mean in practice?<\/strong><\/p>\n\n<ul class=\"wp-block-list\">\n<li>Explains the refusal clearly<\/li>\n\n\n\n<li>Checks your Credit Responsibilities Map<\/li>\n\n\n\n<li>Identifies the most suitable bank for your profile<\/li>\n\n\n\n<li>Calculates your real debt-to-income ratio<\/li>\n\n\n\n<li>Suggests immediate improvements<\/li>\n\n\n\n<li>Submits applications only to banks that are genuinely likely to approve<\/li>\n<\/ul>\n\n<p>This support helps avoid multiple refusals, which can damage your credit history.<\/p>\n\n<p>Being refused by a bank does not mean the end of the road.<br\/>With small adjustments, professional analysis, and the right bank, it is entirely possible to turn a refusal into a future approval.<\/p>\n\n<p>The key is to understand the reason for the refusal, improve your financial profile, and choose the right institution to submit your application.<\/p>\n\n<p>Has your credit been refused and want to know how to resolve it? <strong><a href=\"https:\/\/credilink.pt\/#simulador-credito\">Contact us <\/a><\/strong>\u2014 we will analyse your case free of charge and help increase your chances of approval.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Has a bank refused your credit application? Find out why and what you can do to improve your profile, fix potential issues, and increase your chances of approval. <\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-21277","post","type-post","status-publish","format-standard","hentry","category-tips"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What to Do When a Bank Refuses Your Credit Application? - Credilink<\/title>\n<meta name=\"description\" content=\"Has a bank refused your credit application? 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