Refused credit cards

On May 5, 2011, in News, by Lewis Alexander

free credit report UK from ExperianHave you been refused a personal credit card?

  • Have you recently had problems applying for a credit card?
  • Have you been turned down for some other kind of unsecured borrowing and don’t understand why?
  • We can help you discover why you were turned down and maybe even help you sort out the problems that may stop you getting credit in the future!
  • Why not obtain advice today?

Most people do not understand or that by making multiple applications for credit cards or unsecured loans within a short period of time and then being turned down for each one can make the likely hood of you getting the next one accepted even less.

So why do you keep getting refused for a credit card?

When you apply for a new credit card, the card issuer will investigate whether you are a good risk or not by checking with the credit reference agencies to see how you have conducted your finances in the past.

Whilst you do not necessarily have to have an impeccable past, a poor credit history will certainly hurt your chances of being accepted. Not only are past defaults etc visible on your file but also how many times you have applied for credit and been refused.

Personal Debt Help

Sometimes however, there are things on your reference file that are simply wrong or untrue. We can help you discover what is holding you back and we offer debt help and debt management online to consumers struggling with personal debt problems.

What are credit reference agencies?

When a company wants to find out whether someone is a good risk to lend money to, they apply to one or more credit reference agencies to find out about your credit history. These companies hold information about everything you have had credit for, applied for credit for and also all the personal debt problems you may have had in the past.

In the UK, there are three main credit reference agencies and they can be contacted using the following details.

Callcredit Plc
PO Box 491
Tel: 0870 060 1414

Consumer Help Service
PO Box 8000
NG80 7WF
Tel: 0870 241 6212

Equifax Plc
PO Box 1140
Tel: 0870 514 3700

I have been told I have been blacklisted, what can I do?

The existence of a so called credit blacklist is an urban myth. People with a poor credit history are not held on a list for lenders to check and then deny credit.

Can I find out what is held on a credit file about my finances or me?

All of the credit reference agencies will supply you with a copy of what they hold on file about you for a nominal fee. Exact details of what they require are available on their respective websites.

Once you have read what is on that credit report, you will be able to have inconsistencies or mistakes removed if there are any and therefore possibly repair your credit rating.

  • For further debt help and advice regarding being refused credit cards or loans or other unsecured borrowings, please contact our debt helpline using 0800 018 6868, your call is free from UK land lines.
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