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Say Hello To Those 0% Credit Card Deals!
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.
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
For credit card advice please visit here http://www.creditcards-gb.co.uk/creditcardadvice.html
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