Most likely your monthly payments are too high compared to your income.

They will send you a letter with the reason on it.

They look at more then your score. They look at how many credit cards you have and your balance on them, they also look at how many inquiries have been made on your credit report. Every time you apply somewhere for credit, it shows up on your report. They will also look at your income, job history etc.

Many of these lenders use Internet for easy submission of the applications. You can go online, access multiple lenders’ websites and fill out your details in the online application form. The lender gives you the list of certain essential documents. You can either send these documents by post or scan them and email them to the lenders. The lenders start processing your application, check out if your documents are in order and then either accept or reject your application based on their policies.

They obviously don’t feel comfortable that you will be able to repay the loan. For example even if you have excellent credit if you have no job you cannot repay the loan so they will not loan you anything..

get another credit card. it’s easier. when i got rejected for a loan, they said i didn’t have enough credit cards (i had 1 w/ a credit score about the same as yours) or they think your income isn’t high enough.

maybe your debt ratio is too high. are there any mistakes on your credit report that might have stopped you?