Credit Secrets & Tips Blog

If you’re turned down for a credit card, the very first thing you need to do is to ask why. It may be that you haven’t been at your current address or job long enough. Or that your income doesn’t meet the issuer’s criteria or any other reason that you may not know.

Different credit card companies have different standards. But if you are turned down by several companies, it may indicate that you are not ready for a credit card and need to do something about it.

If you’ve been denied credit because of information supplied by a credit bureau, federal law requires the creditor to give you the name, address and telephone number of the bureau that supplied the information.

If you contact that credit bureau within 60 days of receiving the denial, you are entitled to a free copy of your report. If your file contains accurate negative information, only time and good credit habits will restore your credit-worthiness.

If you find an error in your report, you are entitled to have it investigated by the credit bureau and corrected at no charge.  You should dispute any inaccuracy in your report with the credit bureau and also with the company that furnished the information
to the credit bureau.