0
Is it possible to get a bad credit history from being denied a credit card because you did not have a credit history?
Wiki User
∙ 18y ago
It is possible that you will show a low credit score if you have no other loans, credit cards, etc. You have to have revolving accounts or other accounts to establish credit. If you are having trouble getting a credit card you can try and get a secured credit card, or have a co-signer help sign with a application for credit.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
A. Philip Randolph argued that requiring African Americans to fight for democracy in other countries was unfair because?
They were denied rights in their own country
What rights have women been denied in US history?
Women were treated according to social tradition and English common law and were denied most legal rights. In general they could not vote, own property, keep their own wages, or even have custody of their children.
Will your bad US credit history follow you to Canada?
AnswerThe poster is not completely right. I'm an American who has moved to Canada. None of my credit history has followed me to Canada. You will basically start from scratch (which is not easy.) It is true that if you're looking for a large loan (mortgage, for instance), a bank could be persuaded to pull your US history, but for anything else (credit cards, etc.) not only will they not ask for it, but they are usually not interested in getting it. NO bank in Canada (trust me on this) will pull your US history by default. AnswerIn a short word YES. All immigrants to Canada, regardless of where they come from, start off with a neutral credit record, neither good nor bad. In your case, however, a quick computer check will show all your US credit problems, and you will very likely be denied ANY credit here in Canada.The only way to correct that is to pay off your US credit accounts and start to learn to pay CASH for things, after saving up for the item you wish to buy.I know it is hard to believe, but that is the way many of us do it. No credit cards, no interest payments, no late fees. My motto is Pay Cash and Be Happy. And of course, if you pay CASH for an item, nobody can come and take it away from you. EVER.AnswerI certainly agree where consumer debt is concerned. But, Jim, are you suggesting that US residents should NEVER get a University education or buy a home. . . two goals that are out of reach for most people without incurring debt in the thousands, or hundreds of thousands of US dollars? The US and Canada have separate credit reporting agencies. You will have neutral credit, but may find it difficult to establish credit without a history. The most honorable thing to do is make arrangements to pay off your US debts. Either way, examine your spending behavior and decide to change the habits that caused the bad credit history in the first place. Then, even if you stay in the US, your credit history will significantly improve in 7 years.Also, be aware that if you have a bankruptcy, you will not be granted immigrant status in Canada.AnswerI'm a bad one to ask about how I paid for my University degrees. I was a full time member of the Canadian Army, a military police investigator, so I had to arrange to get my education at my own expense, so YES I did pay in advance, for all of it, year by year. I was doing this long before there was such a thing as "distance learning" by computer. I did it the hard way, by correspondence courses, from where ever I my duty took me.Took me 11 years, but I did achieve a BA and then a Masters in Canadian history.I agree that most folks have to have debt, for a home, for instance, but credit cards are simply too easy to get, and too hard to get out from under, for many people.
Who originated Black History Month in 1926?
Carter G. Woodsen founded Black History Month. He first thought it should be January because it was the first month. But that was denied and he chose February because that month Abraham Lincoln was born, and he helped prevent slavery. So, he chose February not cause it was the Shortest month. But also Carter G. Woodsen was also known as the "Father Of Black History"
Who was most likely to be named to the blacklist?
During the McCarthy hearings, the people who were most likely targeted were those in the entertainment business. McCarthy used several criteria to get them blacklisted. These included those who were viewed as sympathetic or had ever been a member of the American Communist Party, or being a member of progressive groups that the McCarthy panel viewed as pro-Communist. The victims were barred from getting any work, and saw once great careers ruined based on false accusations.
Where to See credit history after denied credit?
Credits history can actually be taken from credit reports which is sold by several CRA's.
Does getting denied for a loan affect your credit?
You were probably denied your loan application BECAUSE of your credit rating. It should be possible to find out what your credit report says about you - see the link below.
If you're 22 and a senior in college with no credit history and no job what is the best way to get a credit card if you were denied for a Citibank student card?
Have a parent or adult w/credit history co-sign on a credit card in your name. Also start to put utilities in your name when possible.
If denied credit before eighteen does it affect your credit after you turn of age?
No. You were denied credit because 18-year olds cannot legally enter into a contract.
3 reasons for denied credit Illegally?
because ..
If your SL is deferred until 2008 but you are being denied credit because of it is it better for your credit score to pay it all or to make payments?
if its deferred because you are in school... then you arent being denied credit because of it. if you dropped out of school then you have to begin payments immediately... if not then you default... which will get you denials. if you are deferred because you are in school... then it actually helps your credit because its an open account that's current.
Does your debt travel with you from country to country?
No, not in the sense that a person can be legally pursued or have credit denied due to the credit history in another country. However, if the person has had credit problems with a bank that has locations in another country, they can be denied banking privileges at that institution, which may create other problems
How is FICO different from credit history?
FICO is a company that takes your credit history and uses it to create a numerical representation of your credit risk. You history determines your score. It is an important distinction because you may be denied credit or pay a higher rate due to either a lower FICO score or something in your credit history. Many people with good scores fail to understand that a prior late payment on their home or something of similar impact in their past may cause they problems despite a good score.
What are some common problems that will get you denied for a mortgage?
Some of the common problems that will get you denied for a mortgage would be: an insufficient down payment, high debt-to-income ratio (DTI), and negative credit history.
If you have accumulated bad credit while in college can you be denied financial aid?
You can be denied private loans, and grad plus loans for late payments on your credit history. If you default on a federal student loan, you will lose eligibility for all federal financial aid (including grants).
JOHN's loan application was denied because of information contained on his credit report. john is not entitled to what.?
triple damages from the credit reporting agnecy if there are any inaccuracies in his credit report
Does being denied for credit lower your credit score?
Yes. It is reported on your credit report.
