Why Applications Get Declined - Text Version

Credit made clearer

Why applications get declined

As unwelcome as they are, most of life's rejections happen for a reason.

Wrong shoes mate

And it's no different when it comes to credit cards.

If you don't meet the criteria... you'll be rejected.

But if you do meet it, you're more likely to be accepted.

Evening Sir

To see if you're right for them credit card companies normally score your application, awarding points for:

Time with your bank
Income
Level of debt
Time at address
And your credit history.

This is the record of your past borrowing and how you've managed the repayments over the last 6 years.

If your application is rejected, it could be because your total score isn't enough for them. Or that something in your credit history put them off - such as missing payments, County Court Judgements, or that you have too much debt already.

But remember, different credit card companies are looking for different things.

So it's just a matter of finding a card provider who's looking for someone like you. Meet their criteria and you're more likely to be accepted.