According to your credit file you may have taken out a loan and never made a repayment.

Creditors sometimes call these runaways or first payment defaulters.

In such a case it is almost certain you would be turned down for a loan.

Tip: If you have taken out a loan and never made a payment, you could consider contacting the creditor to make an arrangement to pay. If you think this is a mistake, get a copy of your statutory report from TransUnion and make sure everything it contains is accurate.