Not viable to deal with anymore
It was a very good company. I had 4 loans with them all paid to date and now they tell me my affordability isn't up to their standard for just one loan? My circumstances and credit score have gone up since having 4 loans with them so make of it what you will.... However proceed with caution.
Per Payl8r reply - I have no idea how payl8r do their affordability checks. My income has risen and my expenditure is down...Anyway I won't be using them again.
Reply from Payl8r
Hi Jan. Our lending criteria is updated on a regular basis, however as a lender we are required to complete affordability checks on all customers. If there's any concerns about affordability, for example if the information a customer shares with us suggests that their monthly expenditure is close to or exceeds the monthly income, then we're unable to offer lending. However, we only run soft credit searches meaning that there's no negative impact on your credit score. Kind regards, Payl8r