Tag Archives: declined credit

How your credit card can affect your credit rating

Here are 4 ways your credit report can show how good management of your credit card could help improve your credit rating:

 

  1. credit-score-report-history-300x200Check out your credit report before you apply for new credit, as this can give you the best indication of whether or not you’d get accepted, and after that check your credit report on an on-going basis.
  2. Ensure that the information on your credit report is accurate, up-to-date, and reflects your present circumstances, as there may be some discrepancies. Should you find anything that isn’t right, then contact the relevant lenders to get it altered. Watch out too for unfamiliar or suspicious entries there that could indicate identity fraud, and financial associations which are no longer relevant. Continue reading

Refused credit? A five-point plan of action

denied-creditIt can be galling when you make an unsuccessful credit application, though it’s worth remembering that being refused for credit is not, in itself, hazardous for your credit rating. While your credit report will show that you applied for a credit card (a credit-application footprint will appear on your report for one year), it will not show the outcome of that application.

 

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