I applied for an $800 online payday loan but was only approved for $400. Why didn’t I qualify for the amount I requested?
Some lenders prefer to start off with a smaller loan amount for first time customers. Many lenders will consider a higher amount if this is your second or third loan with them. If you are not happy with the loan amount you are offered, you can contact the lender and try to negotiate a higher loan amount. You can also apply a second time and try to get matched with a different lender; however, it is recommended that you do not apply for more than you can afford to repay.