hello everyone - any idea as to what is going on? I was turned down for an oasis store card but the letter said that there was nothing wrong with my credit report. I have lived abroad a lot during the last few years and I wonder if this could be related? Should I request a credit report?
2007-01-06 17:27:23 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
They like to see a stable address and usually look for at least 2/3 years in one place. Also if you are renting then you are likely to move on and they could loose track of you. Do you have a bank account and for how long?
2007-01-06 20:31:38 · answer #1 · answered by ANF 7 · 1⤊ 0⤋
you might have a good record, but you could be considered a risk if you have a lot of cards. the bank's thinking is that if you were to max out all your present cards, would you be able to pay for theirs? if this is the case, cancel any cards you don't use.
you should also get a letter in the mail within a few days from the bank. the store isn't under any obligation to tell you why you were declined, but you should get a follow-up letter from their financer explaining why.
2007-01-06 17:36:59 · answer #2 · answered by soren 6 · 0⤊ 0⤋
occasionally when stores get too many forms returned they stick to a quota of cards they give out. For example if 10,000 applied countrywide that month at £100 each and they issued every one, they could potentially have £1 million worth of clothes go out on credit for just that month! Some stores just cant afford that sort of risk so they have cut off limits. Especially this time of year.
2007-01-06 18:42:44 · answer #3 · answered by angelicakelly 2 · 0⤊ 0⤋
There should be a phone number on the letter for you to call and request a "specific reason of decline" letter. If not call the company and ask what exactly the reason was. The company is required to inform you of the reason of decline.
2007-01-06 19:30:16 · answer #4 · answered by sparky_12s 2 · 0⤊ 0⤋
Yes it is probably because you have not lived at your current address for long enough.
Never mind - you didn't want one anyway
2007-01-06 17:36:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
probably because you have not been at your currebnt address for long enough.
2007-01-07 01:25:01 · answer #6 · answered by Rebz 5 · 0⤊ 0⤋
http://www.experian.co.uk/
Try this link
2007-01-06 17:32:14 · answer #7 · answered by richard_beckham2001 7 · 0⤊ 0⤋