Many borrowers are baffled when their loan application is declined by a lender. Most lenders will not provide a reason leaving the applicant with no clues as to where to look. If you have found yourself in this situation, there are things that you can do to clarify your situation.

1. Can you afford the loan you are applying for?

If you have just made an application for a car loan , a personal loan or a home loan, it may well be that your income is not sufficient in the eyes of the lender to qualify you for the loan. You can run your scenario through a how much can I borrow calculator online to see even approximately if your income is enough to qualify you for the loan;

2.

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