does being denied for credit cards or department store cards because of insufficient credit affect you credit?
2006-11-18 05:22:13 · 5 answers · asked by mendoza512003 2 in Business & Finance ➔ Credit
the only way it affects it is by showing an inquiry and possibly lowering your score. That is the only way. Credit reports do not show wether you were approved or declined
2006-11-18 08:14:15 · answer #1 · answered by typhon1991 3 · 0⤊ 0⤋
You'll have to contact the credit card issuer to find out. Nobody here can tell you why. There is a customer service number on every billing statement, as well as on the back of the card. Call one of those numbers. Yes, you'll be stuck in "Phone Hell" for a while but someone will eventually come on the line and can explain why it was denied -- if it was denied on their end. There's a chance (actually a very good chance) that it was just a glitch in the authorization system that resulted in the denial. This happens fairly often with my company travel card. I often have to ask them to swipe the card 2 or 3 times before it will go through. On several occasions they had to type the number in manually for it to "take". I'd suspect that there was some corruption of the magnetic stripe or a dirty reader that caused that.
2016-05-22 01:05:28 · answer #2 · answered by ? 4 · 0⤊ 0⤋
if you were denied because of insufficient credit history it couldn't hurt much you can now apply for a free credit report the card co or bank must give you info. to request this i think you have 30 days
2006-11-18 15:10:49 · answer #3 · answered by moonwalker 3 · 0⤊ 0⤋
If you are denied and you go to another company and get denied, yes. Each inquiry which is made on your credit report affects your credit score.
2006-11-18 09:00:22 · answer #4 · answered by Mariposa 7 · 0⤊ 0⤋
Too many request for credit will have an adverse effect on your FICO.
2006-11-18 05:25:57 · answer #5 · answered by eNGLANDER 1 · 0⤊ 0⤋