It’s a fact folks, all major credit cards want your money and they want your business. Now that might not sound like a very revelatory statement, but it’s surprising how many people don’t apply for a credit card because they don’t think they’ll get one…
Why they wouldn’t apply for one because of this i don’ t know, perhaps it’s because they can’t handle rejection? Or perhaps it’s because when you get refused by a credit company the details of your credit scoring are recorded for future use by other credit card companies. This is more than likely it isn’t it? But it’s not all doom and gloom and you needn’t let this put you off.
Just because your details have been recorded, including your refusal, it doesn’t mean that a bank or credit card company won’t ever touch you again and they will certainly re test your credit score when you apply to them. All it tells them is that you’ve attempted to obtain credit and been unsuccessful. It doesn’t tell them to leave you alone or that you are a risk, and believe me these credit card companies want your business. If you had been turned down twenty time and then applied to yet another company they would still carry out the credit score simply because they want you to pass it! So don’t be afraid of your credit score so much, it’s not all bad; unless of course you have defaulted on payments recently.
Tags: credit cards, credit scoring