Getting the best deal on a credit card is not always about
jumping from one 0% APR card to another and getting a bad name
for you. As you will because the credit card companies are
getting wise to this and are beginning to refuse serial jumpers
their credit card application.
This though is not aimed at those who up until now have found it
easy to get their hands on any credit card that they choose;
this article is aimed at those who find it extremely difficult
to get their hands on a credit card at all and can only dream of
taking advantage of all the 0% interest deals that are out
there.
Your low credit rating can affect your application...
This is down to the fact that many potential credit card
customers have such a low credit scoring that the credit card
issuers; see them as too much of a credit risk. So they
ultimately refuse issuing those with a low credit scoring the
cards, as they only want those, who they see as profit making
customers. This can even happen to you if you have no debt and
never have had debt, as the credit card lenders only go on
credit information that is held on you on their data bases. So
if you have no credit history, they will more readily refuse you
one of their cards.
What you have to remember though, is that you should not take
your anger out on the credit card company as you have no divine
right to expect them to let you borrow their cash just because
you want it, they have to be sure that you are a worthy credit
risk. To combat this, the first thing that you should not do is
to apply again and again to different credit cards, credit
agencies or banks for loans, this will only dig the hole deeper
for yourself. The next time you apply for any type of credit it
will be known that you have applied before and been rejected in
the past, so they will find they're answer easier to come by.
For credit card advice please visit here
http:/
/www.creditcards-gb.co.uk/creditcardadvice.html
Get your credit rating background...
What you should do is contact a credit reference agency, to see
where you are going wrong and maybe find the reason why the
credit cards are not letting you handle they're plastic. Ask the
credit card company who have refused you, which credit reference
agency they use, this will normally be one of two the main ones
which are Equifax and Experian. Once you have ascertained which
one it is, you can write to them asking for a detailed run down
of your credit history. This will normally cost a couple of
pounds, but will be a worthwhile practice to help you get your
credit scoring back up.
Once that you have found out where you have gone wrong in the
past, you can then begin working on getting your credit scoring
up. You may wonder as how this can be done if you are not
allowed credit, but by keeping your household bills up to date
and paid on time, making sure that you can prove where you live,
make sure that you are on the electoral role and make sure that
you never lie on your application for credit. These are all
simple things and if followed through, you will not only find
that your credit rating will go up, you will also be able to
build on it and be able to one day get the best credit card
deals and when you want them.
About the author:
Peter Kenny is a writer for creditcards-gb - For additional
articles and an extensive resource for everything about credit
cards, please visit us at
http://www.creditcards-gb.co.uk and
http://www.creditcards2go4.com
