Zip considers several factors as part of the assessment process. This includes, but is not limited to:
- Your credit report may demonstrate your repayment history with other lenders (e.g. retail credit cards, revolving credit cards etc.) This helps in determining whether you can comfortably meet your Zip repayment obligations. For more information relating to your credit file, please contact Experian directly.
- The personal information you provided which allows confirmation of your identity.
You may be eligible to re-apply if your circumstances change; however, you'll need to wait 6-12 months to do so.