Why Was Your Loan Rejected Again?
You submitted the documents. You met the eligibility. But the answer was still NO?
Sometimes it’s not your income or documents — it’s your daily money habits that silently damage your creditworthiness.
At Vizzve Finance, we break down the 5 bad habits that are costing you that “Approved” stamp.
Habit #1: Minimum Due Mindset on Credit Cards
Paying just the minimum due on your credit card may feel like a relief, but it’s a CIBIL killer.
💥 Interest piles up fast
📉 Your credit utilization stays high
🛑 Shows poor repayment discipline
Vizzve Fix:
Use a small personal loan to close credit card debt and reduce your utilization rate.
Habit #2: Applying for Loans on Every App
More isn’t better.
Every new loan application triggers a hard inquiry, which reduces your credit score.
❌ Multiple rejections = credit-hungry label
📉 Each inquiry drops your score by 3–5 points
Vizzve Fix:
Run a soft eligibility check on Vizzve — no impact on your credit score.
Habit #3: No Bill Tracking = Missed Payments
You forgot your EMI date. Or your UPI bill bounced.
Small errors, big damage.
🧾 Missed due dates lower your repayment history rating
📉 Even one missed EMI = major red flag
Vizzve Fix:
Enable EMI reminders & auto-pay with your linked account.
Habit #4: Ignoring Old Debts on Your Report
Just because you forgot it, doesn’t mean lenders did.
That ₹1,200 unpaid mobile loan from 2018? Still hurting your profile.
🔎 Lenders see it as negligence
🛑 “Written-off” or “Settled” = lower trust
Vizzve Fix:
We help you access your credit report and clean old records before applying.
Habit #5: Over-Using Credit Cards for Daily Needs
Groceries. Swiggy. Fuel. Netflix. If everything’s going on credit, you’re in a danger zone.
⚠️ Credit utilization above 50% signals dependency
🚩 Lenders worry about your financial stability
Vizzve Fix:
Take a small credit-builder loan & reduce card swipes. Use UPI/cash where possible.
What You Can Do Today
Check your credit score for free with Vizzve
Avoid applying for multiple loans within 15 days
Set up reminders for bills & EMIs
Use part-payments to lower debt faster
Monitor your credit report every 3–6 months
FAQs
Q1. Can small bad habits really stop loan approval?
Yes. Even a small delay or high credit use can be a deal-breaker for automated loan systems.
Q2. What’s the biggest red flag to lenders?
Irregular payments and high unsecured debt (like credit cards) are major red flags.
Q3. Can Vizzve help me even with a rejected history?
Absolutely. We offer low-credit and alternate-income loans after detailed profiling.
Q4. Does Vizzve offer credit score check services?
Yes, you can run a soft credit pull on our app — completely free.
Published on : 23rd July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed