We are currently experiencing technical difficulties with our telephone system.
We apologise for any inconvenience and are working to resolve this as soon as possible.

Unfortunately, we are unable to help you with a loan at this time.
Thank you for considering Evolution Money.

We try to help as many people as we can and we are really sorry we aren’t able to progress your application at this time.

You may be able to find further information regarding your application on your credit file at TransUnion.co.uk.

If you think we’ve made a mistake, or want to discuss this further you can speak to us on 0161 814 9978.

Common Reasons why people are declined

Your credit history

Often mistakes in our credit files can stop us getting future credit.

There are many companies that offer free credit history checks. Make sure all the information is correct and no names or addresses are wrong. Check all financial associations are right and any missed payments have been recorded correctly.

If you find any of the information on your credit report is wrong, you may be able to correct it. Make sure you inform the credit reference agency of any errors.

Also if you have a lot of unused credit cards and other accounts, closing some could improve your rating.

Your credit score

When you apply for any kind of credit, most lenders will need some form of initial assurance you are in a position to repay the money they have lent you.

This can be based on credit score. Evolution Money has a proud history of lending to people with lower scores than some lenders, but some scores may still be too low.

There are many companies that offer free credit score checks.

You didn’t meet the lending criteria

All lenders have different criteria.

Here at Evolution Money you must:

Be a homeowner as this is a secured loan you must be a homeowner with a mortgage

Be aged 21 – 70 and the loan must be paid back by your 70th birthday

Live in England, Wales, Scotland and Northern Ireland

Be permanently employed either full time or part-time or you must have been self-employed for a minimum of 12 months’ continuous period.

Not being registered on electoral roll

Check if you are registered on the electoral role. If you aren’t registered, you can do it online at the www.gov.uk/register-to-vote.

It’s easy to update and improves your credit chances as it provides proof of your current address to lenders.

*Evolution Money is a member of the Evolution Money Group of Companies. The above figures reflect all lending by all Evolution Money Group companies since 2011.
Representative 28.96% APRC (Variable) - For a typical loan of £20,950 over 85 months with a variable interest rate of 23.00% per annum, your monthly repayments would be £537.44. Including a Product Fee of £2,095.00 (10% of the loan amount) and a Lending Fee of £714.00, the total amount repayable is £45,682.15. Annual Interest Rates ranging from 11.7% to 46.5% (variable). Maximum 50.00% APRC. The loan must be paid back by your 70th birthday. Read more.

Think carefully before securing debts against your home your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
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