Go Deluxe Financial

Go Deluxe Financial

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04/20/2022

😅 Tired of being denied when you apply for new credit or a limit increase? Here are a few possible reasons for the denial!

👉🏾 Your Credit Card Balances Are Too High

👉🏾 Your Loan Balances Are Too High (too much existing debt)

👉🏾 Too Many Inquiries on Your Credit Report

👉🏾 Your Income Is Too Low: The income required for a credit card varies by credit card issuer.

👉🏾 You Have a Recent Collection or Public Record

👉🏾 You Have Limited Credit History

👉🏾 You Have a Recent Late Payment

If you are denied credit by a particular card issuer, I recommend waiting at least 6 months until you apply again. During that time, take note of the reasons for the denial outlined in the adverse action letter they mailed you, and work on getting those issues resolved.

📌 Need credit help? Go to www.godeluxefinancial.com to get started on your credit improvement journey today!

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