Besides for your previous credit history, credit card companies may be looking at your criminal history, length of time at current residence, time at your current job, total annual income, and many other factors for approval of your credit line.
Many credit card companies will offer something known as instant approval, as will many lenders. The actual meaning of instant approval, however, varies from lender to lender. Some will offer it in terms of being able to approve or deny a credit request very quickly, without a long waiting period. Others offer approval of loans or lines of credit without the need for a credit check, based solely upon certain things the lendee can provide at the time, and thus call it instant approval.
When one is looking for a credit card, and that person has no prior credit history, the most important things to look for are low interest and high insurance.
While there is no fixed number, an inquiry is one factor that can affect your credit score. The exact impact may vary depending on things such as the number of inquiries you have over a short time and your credit file's stability. Some inquiries are known as soft inquiries and do not affect your credit score. An example of a soft inquiry is a credit card pre-approval.
First thing that you have to do is to repair your credit card history. Look for the things that can be fixed. Next thing is to review your current status. There are certain qualifications that credit card companies are requiring for people to have a bad credit card history to have a new credit card.
They can leave a message and state what the message is for. Beyond that, there is only a few things they can say unless they are talking to someone else you are trying to get credit from, or a prospective employer that is checking your credit, with your approval. Read the small print on your contract if it says they can, they can.
Many credit card companies will offer something known as instant approval, as will many lenders. The actual meaning of instant approval, however, varies from lender to lender. Some will offer it in terms of being able to approve or deny a credit request very quickly, without a long waiting period. Others offer approval of loans or lines of credit without the need for a credit check, based solely upon certain things the lendee can provide at the time, and thus call it instant approval.
When one is looking for a credit card, and that person has no prior credit history, the most important things to look for are low interest and high insurance.
While there is no fixed number, an inquiry is one factor that can affect your credit score. The exact impact may vary depending on things such as the number of inquiries you have over a short time and your credit file's stability. Some inquiries are known as soft inquiries and do not affect your credit score. An example of a soft inquiry is a credit card pre-approval.
First thing that you have to do is to repair your credit card history. Look for the things that can be fixed. Next thing is to review your current status. There are certain qualifications that credit card companies are requiring for people to have a bad credit card history to have a new credit card.
All lenders offer a number of credit card products, including things like interest-free cards for 6-12 months, no-fee balance transfers, etc. The customer's credit rating plays a part is the particular products he/she is eligible for. If you get a credit card offer saying that you are "pre-approved," read the fine print. Usually the "pre-approval" means that sending it to you was approved, NOT that the application is or will be approved. All credit card companies use these methods. It's up to the consumer to read the fine print.
Bank of America, Chase, Barclays, and ING Direct (among other smaller companies) are based in Delaware. Most credit card companies in the US are based in Delaware because of usury laws, or rather, lack thereof. Usury laws regulate the interest rate on things like credit cards, but Delaware has no limit, so credit card companies based in Delaware can charge as much as they like for interest.
There are several things to consider when applying for a credit card. Different credit card companies have different rules and regulations. Be sure to check out several credit card companies before you decide which one you want. Things you should look for: Low interest rate; No annual fee; Grace period; Theft protection. A credit card can be convenient, but if used unwisely, it can create more problems than it solves. The wisest thing to do is to pay it off every month. This will build your credit and establish you as a responsible credit card user.
It depends on many things but ur looking around 12-18 %
They can leave a message and state what the message is for. Beyond that, there is only a few things they can say unless they are talking to someone else you are trying to get credit from, or a prospective employer that is checking your credit, with your approval. Read the small print on your contract if it says they can, they can.
Most insurance companies utilize your credit score to an extent. They use what is called an insurance score to help determine the likelihood of you filing a claim. The information that is essentially used will include things such as the amount of debt you have, the types of debt you have, and how long you've had credit.
There are a couple of things one can do to assure themselves of being approved for a credit card. One should make sure their credit report is in good shape, lower their debt ratio, shouldn't apply for too many cards at once and apply for cards that they think they can get, if they have a low credit score.
Call the original company you owed for a letter that the account has been paid in full -it will need to be on letterhead. They should also remove it from the credit report, but this sometimes doesn't happen and the letter is great back up. Then, contact the different companies. If the entry is not you, then call the credit card companies right away.