FlexShopper Denied Me

FlexShopper is a lease-to-own company that allows customers to purchase items and make payments over time. With FlexShopper, you can lease items such as electronics, furniture, and appliances. To apply, you must be at least 18 years old, have an active checking account, and earn at least $1,000 per month.

FlexShopper may deny your application for several reasons. Perhaps you have a low credit score. FlexShopper uses a credit check to determine whether you qualify for their lease-to-own program. A low credit score is a red flag to FlexShopper that you may not make your payments on time.

A history of missed payments or defaults on your credit report will also go against you. FlexShopper wants to ensure its customers are reliable and can make timely payments, and it’s another red flag to FlexShopper that you may not honor your debt.

If you have a high debt-to-income ratio, where your monthly debt payments exceed your monthly income, FlexShopper may deny your application. FlexShopper wants to ensure its customers can afford to make their payments on time and not be overwhelmed by debt.

If FlexShopper denies your application, don’t panic. You can take several steps to increase your chances of approval.

First, check your credit report. You can get a free copy of your credit report from these credit reporting agencies: Equifax, Experian, and TransUnion. Review your credit report for any errors or inaccuracies. If you find any errors, dispute them with the credit reporting agency.

Next, improve your credit score. Paying your bills on time, paying down your debt, and not applying for too much credit at once will improve your credit score and show FlexShopper you are a reliable borrower, boosting your chances of approval.

If you have taken steps to improve your credit score, try reapplying for FlexShopper. However, don’t apply for FlexShopper too many times in a short period. This can negatively impact your credit score and decrease your chances of approval.

1. Make sure your income exceeds your monthly expenses.
2. Pay down your debt to improve your debt-to-income ratio.
3. Make sure your credit report is accurate.
4. Make all your payments on time.
5. Do not apply for too much credit at once.

Need help with your FlexShopper application or have any questions? Contact their customer service team via their hotline or online chat support. They’ll give you all the details about your application status and offer tips to increase your chances of approval.

Being denied by FlexShopper can be discouraging, but don’t let it crush your shopping dreams. You can take steps to increase your chances of approval, such as checking your credit report, improving your credit score, considering alternative financing options, and reapplying. Make sure all your payments are on time, and don’t apply for too much credit at once. If you have any questions, reach out to FlexShopper’s customer service team.