Refused a loan, can't understand why.

[arkboy]

Hello I'm a long time lurker.

I've just been refused an £11,000 loan and I'm not sure why.

I have a reasonably well paid job, which is as secure as any job can be. Gross 45k a year. I owe about 6k on a credit card and a car Finance deal which is about 500 a month.

I'm coming clear every month once bills are paid with getting on for £1,000

I've got modest savings and I never exceed overdraft limits.

I make more than the minimum payment on the card.

I own my own home, no mortgage it's mine.

I have had loans in the past with my bank, all paid back properly.

My Experian report says my credit rating is more or less as high as it can be.

For some reason I am listed as not on the electoral roll. I am now and I have been at this address before. Lived at this address 4 years, the one before six, and before that 10-plus.

The purpose of the loan was home improvement and to clear the card and was prompted by my bank sending me out blurb inviting me to apply as a valued customer preferential rates etc etc.

So what have I done wrong? More importantly how do I fix it?

[arkboy]

Thank you all for for your replies.

The savings are something I've always had as an emergency fund. Six months salary saved just in case. It's not money to use then replenish. It's a life raft. It isn't something I ever factor into an equation. I just mentioned it to indicate that I'm not penniless. Not rich either.