What Does Subject to Status Mean?

Written by Daniel Tannenbaum on May 18, 2021

Updated April 5, 2023

The phrase “Subject to Status”, when applied to a loan, means that the success of a loan application will be subject to certain factors – e.g. the applicant’s income and credit history.

Many may have noticed this phrase used on loan applications, wondering why it’s there and what it even means. It’s there as not everyone who applies for a particular loan will be accepted for it. The approval of a specific loan is subject to the applicant’s details, including (as previously mentioned) their credit history and income.

These details help to assess whether the applicant is trustworthy to lend the money to, a stable income and a history of good borrowing in the past often helping to reassure lenders that they are safe to lend to and will be likely to keep up with the repayments for the loan in comparison to someone who is unemployed with a bad history of past borrowing.

While your credit history can play a big part in determining approval of a loan, Lending Expert considers those with bad credit and CCJs.



What Determines the Status of My Loan Application?

The eligibility criteria for a loan can vary depending on the lender and the type of loan you are applying for. However, some of the main factors typically involved in the decision-making process include the following:

  • Age
  • Credit history
  • Income
  • Employment

Before applying for any loan, it’s important that you understand all of eligibility criteria applicants must meet in order to be considered for approval, and ensure that you meet these requirements.



While lenders may be able to adjust certain eligibility factors with their products, the one thing all lenders must abide by is the age restriction. In the UK, you must be 18 years old or over this to be considered for a loan.




Credit History

Your credit history can also be a big factor in determining the success of a loan application. Many lenders will only accept applicants who have a certain credit score (e.g. good or excellent), rejecting those with scores that do not meet their standards.

However, not all lenders exclude those with a bad credit score, there are some that will consider those with adverse credit scores, and even those with CCJs.

While credit scores aren’t always a determining factor in the fate of your loan application, they can often be a good insight into an applicant’s borrowing behaviour, and therefore when good can help to reassure lenders that you are trustworthy to lend to.



Income can be another main factor that can help determine the success of a loan application. In order to be eligible for any loan, you’ll have to prove you can afford to keep up with the repayments, and therefore that you have a high enough, and stable enough, regular income to help fund these repayments.

Lenders will often require applicants to provide details of their current employment status, which can include their income and their employer’s contact details. Lenders will only ever contact your employer in certain situations.


Am I Eligible for a Loan?

Your eligibility for a loan will depend upon you meeting certain criteria. As previously mentioned, the eligibility criteria for a loan can vary depending on the lender as well as the type of loan you are applying for.

When finding the cheapest loans with Lending Expert, you can expect the following eligibility criteria to apply:

  • Must be aged 18 years old or over
  • Must be a UK resident
  • Must be employed
  • Must be able to prove you can afford the repayments
  • Must have valid contact details (e.g. mobile and email)
  • Must have a valid UK bank account

For those who have a bad or limited credit history and feel they may not be eligible for a loan with this, it might be worth considering a guarantor loan – where applicants enlist the help of a guarantor who agrees to keep up with repayments on the loan if you end up being unable to.

The guarantor will need to show that they can keep up with repayments, and will typically need to have a good credit history and other qualities that prove they are a reliable person to lend to.

Leave a Reply

Your email address will not be published.