in the span of 3 months i have been apporved for 4 cards,,,canceled to low limit accounts, and i have been rejected for 3 cards. yes it is a lot of inquries...i meesed up but i am giving myself a year to establish it..what do u think?
2007-03-13 15:43:11 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
excused me i meant to say 'two' low limits! sorry for that
2007-03-13 16:07:05 · update #1
Slow down. Enquiries fall off after 6 months and you get the 2 points back. Work on 2 cards, pay the full amount charged early. This will shoot your score up like a bullet. Let them raise the limit. Don't keep getting a bunch of little ones. To hard to handle. A bad reporting will concell a good reporting and your score goes no where. After you establish with a card company you can negotiate your interest rate. Pay early is the key. Not on time, EARLY this is what raises your score
2007-03-13 15:53:07 · answer #1 · answered by Michael P 2 · 0⤊ 1⤋
If you're applying for too many credit cards at one time, it doesn't look good to credit companies. If you cancelled them, it still doesn't look alll that great, but if you wait a while it'll be fine. Stop applying for credit cards, keep up with whatever payments you have and make sure that you have enough income for whatever it is you want to buy. (Bounced checks will go on your credit report as well.) When you get rejected for a credit card, you are entitled to see the reason why, so you can always request a free credit report.
2007-03-13 22:54:01 · answer #2 · answered by wigginsray 7 · 0⤊ 0⤋
Canceled to low limit ? by whom ?
I have lots of low limits and never been canceled .
What does that mean ?
What reason was given for rejection ?
Have you gotten your free annual credit report ?
Do you have delinquencies ?
Denial is usually about a bad debt to income ratio . .
Or delinquent accounts . . .
What we think is meaningless > > get your credit report .
It's what they think that counts .
2007-03-13 22:49:48 · answer #3 · answered by kate 7 · 0⤊ 0⤋
For the next year keep all payments on time and do not apply for any other cards. This is not the end of the world and you can definitely get it under control. Good luck -k-
2007-03-13 22:47:47 · answer #4 · answered by kbama 5 · 0⤊ 0⤋
Get your credit report from each credit agency and see where you screwed up your credit scores. Then work from their.
2007-03-13 22:53:03 · answer #5 · answered by daddyspanksalot 5 · 0⤊ 0⤋
its ok
2007-03-13 22:48:07 · answer #6 · answered by skcs11 7 · 0⤊ 0⤋