 I have no debt, only my student loan which is being paid and is not in arrears. Why am I being declined a loan |
| I was nearly fooled into Yes loans but have gone with best4loans instead. I found out they are a con too. So now I'm applying with black horse, but I'm baffled why I'm not being ... |
|
 Purple $5 bank note? |
I have a $5 bill. and on the bottom right it has a big Purple "5"
when did this happen?... |
|
 How to get a loan with bad credit? |
About 5K.
In need of good advice.... |
|
 How much money do i have to make to qualify for a 264,000 loan? |
| I want to purchase a home that is priced at $285,000 I have 10% down, now I just need to know how much I need to make to qualify for a conventional loan.... |
|
 What happens when you just stop paying on a credit card? |
| Seriously, I have bad debt once out of college and this one card has a pretty high limit and it's maxed and I have tried calling them for assistance but they refuse to help me out and lower my ... |
|
 What is the best way to get rid of a credit card? |
| I have an aspire credit card which I haven't had any trouble out of but I want to get rid of it before its time for the annual fee of $150. What is the best way to get rid of it. Cancel it and ... |
|
 I have $2000 in debt. I want to take out a loan to pay this off. What kind of loan should/could I get? |
| I have almost $2000.00 total in credit card debt, on three different cards.(CitiCards: $1000.00, Capital One: $700.00, and Gap $200.00.) I have cut up all of my credit cards, but have yet to cancel ... |
|
 Why would someone fraudulently purchase items on my credit card and send them to my house? |
| Several items were purchased on my debit card and some of the items bought were sent to my house. I can understand why someone would buy something for themselves, but why steal my credit card # and ... |
|
 Why do creditors put so much importance in credit score? |
| I mean ok I go to apply for a loan and check my credit score with experian before I leave. Experian says my credit score is a 656. I have no late pays, no over limits on my credit cards or anything ... |
|
 Money has gone missing from my account.? |
| I went to head out last night and went to the ATM to get money out, knowing I had at least £60 in my account. It wouldnt let me take it out, said I had insufficent funds. So, I checked my balance ... |
|
 Credit card debt that is 6 years old? |
| should i pay it off ( the $2,000) or not? is there a statue of limitations on credit reporting? if yes, how long is it and should i just wait it out or would i still be responsible for this old ... |
|
 I have moved to the U.S. a month ago. I have no credit history. how can I make one.? |
| whatever I want to do and need load they are asking for a credit history which I don't have. what can I do. I live in burlington, VT.... |
|
 What documents or proof do I need to show my son has worked? |
| Are there certain documents I have to get to show that my son worked at a certain place? What is it? He's 15 going to be 16 this year. He wants the evidence for a school credit or something.... |
|
 Bad credit need Credit card !!!!!!!!!!!!? |
| I HAVE A SCORE OF 460 AND EVERYTIME I TRY TO APPLY FOR ONE I HAVE TO PUT MONEY DOWN OR SOME BS... |
|
 I want to consolidate my credit cards? |
| I have about $12,000 in unsecured debt from credit cards. I plan to pay two off soon, but that still leaves about $10,000. I am paying the minimums and have a good credit score (730), but my ... |
|
|  |
elfie 12 | Does getting denied for a credit card hurt your credit? |
|
 |
 
SPIFIMAN1
 |
The only affect will be a small loss 3-5 points for the inquire the credit card company ran, being denied has no affect at all on credit score. |
|
Wink
|
If you have too many inquiries into your credit profile, it can look negative on your credit. I guess it makes you look like you are desperate, but who knows. If it's just one credit inquiry, it won't hurt your credit, but you can request a free copy of your credit report any time you are denied for credit. It would be a good time to request a copy and see if there are any negative reportings on there that don't belong to you or are fraudulent. |
|
Red
 |
Having the credit report pulled hurts your credit. The more someone look at your credit the worse it gets. So don't apply for a bunck of diffrent line s of credit close together. As far as being denied, I don't think that affects your credit.
You can look at your credit report on-line for free.
www.annualcreditreport.com you can pull credit report from all 3 credit reporting agencies without harming your credit and see who has inquired about your credit and see if there is any fraudulent things on there.
Hope this helps, Good Luck! |
|
barefootinquisitor
|
no,just tells u where u stand |
|
debs
 |
Don't think getting denied hurts your credit, but it means your
credit is already damaged! There is something on your record that is preventing the credit card company from approving you. You need to contact the 3 credit bureaus and get copies of your credit reports from Transunion, Equifax and Experian and find out what is on your report that is showing as a "negative item". That is what has caused the problem...good luck....once a negative item is on your credit history, it stays there a minimum of 7 to 10 years, even AFTER you pay off whatever you owed to the creditor. Each consumer is allowed one free copy of their credit report per year, after that, you have to pay for one....go to freecreditreport.com or search under free annual credit report to find the way to request your 3 reports. You can also look under the Federal Trade Commission website at ftc.gov for information. |
|
monteb b
 |
YES |
|
confucious says
|
I would have thought being denied a credit card already indicated you credit report is already compromised. every enquiry to the credit agencies will devalue your credit score in some way. even if you are given a credit card that will devalue the amount of credit you will be able to obtain in the future for obvious reasons |
|
SectorX4
 |
I wouldn't think so but I have no concrete proof, as far as I understand it at least here in Australia.
When they performed a check it just looks up various things like debts, mortgages, defaults on loans, etc and even if you have something makes the check fail its essentially a just a check. |
|
heybulldog
|
If you want my opinion and im sure you do. I wouldnt worship at the alter of the almighty fico score.
Banks spend millions brainwashing people into thinking they need credit cards and a high I love debt score to make it in todays world. NOT TRUE.
Pay as you go and live on less than you make and you will have money.
And it is an I love debt score. You have to borrow money and make payments on time to get a high I love debt score. You have to keep borrowing money and Keep making payments on time to keep a high I love debt score.
A low score from not paying your bills is trouble. If you have a 0 score from not borrowing money you can still get an apartment and job and home loan with manual underwriting. The way it was done before the I love debt score. It's not a sub prime loan and you can get the same low interest rates.
Of course the bankers and their loyal followers on here are gonna tell you different.
borrow is slave to the lender. Always!
Debt free is the way to be! |
|
Ynot
|
It shows up on your credit report that it was viewed by the requesting credit card company. But nothing if it was rejected or not. I have been told though if you have alot of views of your credit report it does effect if you get a loan or not. But does not effect your score. I don't use credit cards any more. Just use Debit which comes right out of my account. |
|
Inpeach
|
Yes and no , Yes if the reason why you get denied is because you had a credit card before from another bank and you have missed payments many times until you defaulted on it . Then the issuer bank of your credit card will report you to the Credit CArd association or Central credit bank card association , you will a a red flag on your credit . All credit bank card issuer check on this list and when they see your red flag , then you are denied.
No , if the reason why you were denied a card is because you did not meet their required salary level , you did not qualify because they found out on your other credit card you are a low user (meaning you have not used up even 50% of your credit limit and there are no services you are using aside from purchase of groceries and small items , you have not used other services like 0% appliance loan offer .Then thsy would not issue a card to you . |
|
fbklepper
 |
Yes. Even a credit check by some other than you can be bad. |
|
ko2ke
|
no, and you have less headache without a credit card |
|
blaque_strength21
|
Every time you apply for credit it goes on your credit score....whether it is good or bad. Every time you are denied it does affect your credit and will cause others that you apply for credit through to look at you differently. |
|
Rana
|
no, I never want any credit card, and which I have, I did not use anyone so far. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
15 | 40 minutes(s) ago
| | | |
15 | 41 minutes(s) ago
| | | |
15 | 2 hour(s) ago
| | | |
15 | 4 hour(s) ago
| | | |
15 | 5 hour(s) ago
| | | |
11 | 8 hour(s) ago
| | | |
15 | 10 hour(s) ago
| | | |
13 | 2 day(s) ago
| | | |
15 | 3 day(s) ago
| | | |
14 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
