Sent applications for credit cards and been refused?

Top cards for rebuilding your credit history

FREEZE! Assess why you have been knocked straight straight back, then find cards that fit your profile or attempt to reconstruct your credit history utilising the top ‘bad credit’ charge card – and constantly repay it in complete. Plus see how to steer clear of the rejection spiral and boost your credit score.

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In this guide

To locate a stability transfer? If you have current financial obligation, maybe you are in a position to cut it to 0% by having a balance transfer – even although you’ve a credit score that is poor.

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The eight golden rules

Before you can get one of these bad credit bank cards, there are some things you should know. Understand this incorrect and it will run you big, therefore please see the following (even in the event that you just have actually time and energy to read and don’t forget the news, it will assist protect your pocket).

1. If you have been refused for a charge card, FREEZE! Never submit an application for another straightaway

Submit an application for way too many cards and get multiple rejections in a period that is short you can shoot your credit score into the base for a long time. Here is the dreaded rejection spiral!

Here is how it operates.

    You submit an application for a brand new charge card and obtain refused. This may be for several reasons: a bank mistake, wrong facts about your credit file, or perhaps you’ve sent applications for a card meant for people that have an ‘excellent’ score when you merely have actually a ‘good’ score. Continue reading Sent applications for credit cards and been refused?