We do our best to offer loans to as many students as possible. Unfortunately, there are situations that we cannot extend a loan. For your reference, our to main decision factors surround your Financial Profile and your Academic profile. You may find more information in this help center article: How does Sixup determine whether or not I'll be approved for a loan?
If our decision is based on your academic profile, you will receive an email from Sixup letting you know that we are unable to move forward with your application. Reasons that we may have declined your application could include your past academic performance or you did not meet our basic eligibility requirements.
During our review, we do pull a hard credit inquiry to consider your financial profile in our decision. You do not need a credit score in order to receive a loan with Sixup. If you do have a credit score and their are factors that are negatively affecting your credit score (accounts in collections, delinquencies, etc), this could impact our decision.
Please note that if you have not received an email that includes the reasoning for our decision, it can take up to one (1) business day to make it to your inbox. You may find this information regarding credit helpful. And, this article from BankRate.com can be helpful when thinking about what can affect your credit score.
We are so sorry if we are unable to offer you a loan. As we continue to grow, we are working hard to expand the types of financial and academic profiles that we can lend to. If you have any questions regarding your decision, please don't hesitate to reach out to us.