If the reason for your denial is unclear to you, then call the company for clarification. What were the exact reasons? What were the exact standards that you did not meet? This information is important to know and understand. If you apply for credit again and are turned down, then this reflects poorly on your [...]
The first step is to understand the credit granting process. With home foreclosure rates growing daily and personal bankruptcies soaring, lenders are taking a closer and more skeptical look at credit histories and reevaluating the implications of credit scores. Historically, one’s credit score, that magical 3-digit number generated by credit bureaus with range between 300 [...]