Why is the app telling me to wait for specified days before reapplying for a loan?
If the app tells you to wait for a specified number of days before reapplying for a loan it means one or all of the following:
You've applied for more than eight (8) loans within the last thirty days, or you've accessed three (3) loans within that time period, and as a result, you've exceeded the allotted number of loan attempts.
The system limits are in place to avoid excessive usage of the platform, which can be financially damaging to you.
You can only submit a maximum of 4 loan applications every 15 days, and receive a maximum of 3 Carbon disbursed loans every 30 days.
Please reapply after the SPECIFIED number of days stated on the application.
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If you have successfully paid off your previous loan on time, you can re-apply for another loan within 24 hours if you have not already accessed 3 loans within 30 days and may qualify for higher credit at a lower rate.
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