Irsan Komarga asked:




Despite the fact that there are millions or even billions of people who use credit cards, there are still some people who get rejected each time they apply for one. Many of these people may have applied several times but didn’t get the chance to have the grant. Well, if you’re one of these people I’m talking about then you might want to look into some factors that may need some fixing first hand before you even try to apply for one again.

Aside from the fact that you need be 18 years old and above to acquire a credit card, you also have to have a stable job with a stable monthly income. Why? Because credit companies would look into your financial status. They will measure your capability to pay through your monthly income and other expenses. Having $500 of monthly income will give you the least chances of getting approved. So make sure your job is stable before you even think of applying for a credit card. Having a monthly income of at least $900 or more may give the whole matter a shot.

You have to make sure that you have a clean credit record. You must be able to present this kind of document that is verified by a financial bureau to the credit company. Credit companies would always make sure that you don’t have any history of having debts from other companies or industries. If it is your first time to acquire a credit record document of yourself then the bureau should find no records of you at all. But if they happen to find a record of yours which they find unsatisfactory, then you may be a victim of an identity theft. Cases like this should be brought to justice. Report such incident so you will be able to clear your name. Having bad reputation would give you lesser chances of acquiring loans or even jobs.

Finally, you have to maximize your information given. Provide as many information as possible. Present more supporting documents which you could rely on for approval. The more importation you give out in applying for a card, the more these credit companies would trust you. Thus, you will have higher chances of getting your credit card application approved.

Applying for a credit card is easy. You can even apply for one through the internet. But the processing is the one that takes too long. It would even take months before your application may get approved or rejected. All you need to do is just be honest.

Now that you know a few factors to look into in applying for a credit card, you should be able to fix yourself first before applying. After all, it is your capability and responsibility being measured by many credit companies.

Tanya

__A_YAHOO_USER__ asked:


I’m currently putting my application together and was wondering how my poor credit will effect my application. I have several thousand dollars in credit card debt with at least 2 collections. This is due to taking longer to get through school than I expected as well as not being able to find a job when I graduated. Not including student loans, I should be able to pay off all of my debt within a year of a stable job, and it would probably be less than that.

Tara