The short answer is, Humm have to play it safe. For your sake and theirs.
To unpack that in a bit more detail, as a responsible provider of credit, they look at several factors as part of their assessment process. This includes (but it’s not limited to):
- Your repayment history with other lenders and accounts (e.g. telco, utilities and credit accounts). This helps humm determine whether you can comfortably meet your repayments.
- Other information you provided which allows humm to consider your application.
- Additional factors such as how much you earn, your spending and whether you’re working.
We hope you understand it’s all about Humm being responsible rather than negative, judgemental or anything like that.
For more information we recommend you contact Humm directly.