So, youve filled out the application and are waiting for your brand new, shiny credit card to arrive in the mail. But when the letter finally arrives, youre not greeted with a new credit card, but a denial letter instead. What to do? Read the fact below and determine your next steps.
1. What are some of the reasons that I can get turned down for a credit card?
There are many reasons that people are turned down when they apply for credit cards. Every credit card company has its own rules and guidelines – and in many cases, those guidelines vary from credit card to credit card issued by the same company. Some of the reasons that you might get turned down for a credit card include:
a) Insufficient income. If your income is $25,000 a year, be sure that you apply for a credit card that will accept someone with a $25,000 annual income.
b) You’ve been recently rejected by too many other companies
c) Your credit history is poor. It will show if you’ve missed payments or made them late, or if you’ve defaulted on a loan in the past. Some lenders will overlook bad credit and offer you a credit card with a higher interest rate, or...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
