| Why can't I get approved for ANYTHING? Why is | | | | more detrimental to your score, and your ability to get |
| rejection becoming my middle name.....each and every | | | | credit than a history of NOT paying the bills you've got |
| time I apply for ANYTHING? Sound familiar? In this | | | | now. And until you deal with this issue.....or are willing to |
| article we are going to take a quick look at some of | | | | WAIT until these negatives disappear (7 years from |
| the very simple, yet often overlooked "rules" that the | | | | the date of initial delinquency) your credit crisis will NOT |
| credit bureaus, and grantors use for determining your | | | | go away. |
| credit worthiness lickity split. Care to know more? | | | | Rule #3: Lots of recent applications for NEW credit |
| Read on as we take a closer look! | | | | While this won't necessarily hurt, or harm your score |
| Rule #1: Your debt to limit ratio is WAY too high. | | | | as much as the first 2 items, it CAN be equally as |
| How high is too high? Anything over 50% is considered | | | | harmful to your ability to get approved for new |
| a red flag. Owe close to the limits on ALL your cards? | | | | accounts. Why? Because applying for tons of credit is |
| You are going to set off firecrackers of impending | | | | often a pre-cursor to problems, or even.....trying to |
| financial problems for ANYONE who evaluates your | | | | accumulate lots of stuff, or money, before filing for |
| credit.....even if you haven't YET, been late at all. | | | | bankruptcy or something similar. |
| Rule #2: You've Got Delinquencies on Your Report | | | | Simply stated...DON'T over-apply, or seem over |
| Sounds obvious, right? It should....and yet, lots of people | | | | interested in getting new credit all at once.....it's going to |
| don't realize how harmful those late payments really | | | | HURT your score, even if your history is perfect |
| are. The simple truth is that there is NOTHING that is | | | | otherwise! |