Rejected for M&S loan

A question about : Rejected for M&S loan

I have a good credit rating with no missed payments and not a massive amount of debt vs my income, but I've just been rejected for an M&S loan, which I was hoping to buy a car with.

I've recently bought a house for the first time, so I thought this may be the issue. My wife and I both earn decent money and haven't overstretched ourselves at all with the mortgage (it's about 1/4 of our net income).

Would it be better for us to apply for two smaller loans or one of us apply for one large loan?

Best answers:

• Are you on the electoral roll at your new address?? You can register at anytime of year and don't need to wait for annual letter confirming who is at the address.
  If for a car - have you thought about finance from the dealership. With personal loan its a cash advance and if you don't pay then not much to go at. Whereas with car finance the loan is secured which 2 hefty blokes can take away if problems!!!
  Thats way you will always see guaranteed car finance and never guaranteed personal loan. Dealerships can offer some rates which will beat the banks. Use it to barter a better deal as the dealership will get a kickback from the finance company so they will always push finance.