Posts Tagged ‘consumer finance company apr’
Consumer Finance Company
August 17th, 2006
Question: How do I fix some of the following credit card denial reasons?
I applied for american express and I got denied for a credit card for the following reasons
Proportion of revolving balances to revolving credit limits is too high.
Too many inquiries last 12 months.
Length of time accounts have been established.
Too many Consumer Finance company accounts.
how am I supposed to fix them?
Answer: Proportion of revolving balances to revolving credit limits is too high. - Pay off the cards you have now. Try to keep your debt below 30% of your available credit.
Too many inquiries last 12 months. - Stop applying for accounts.
Length of time accounts have been established. - There is nothing you can do about this. Time is the only answer.
Too many Consumer Finance company accounts. - These are accounts with loan companies. Some could be companies like GE Money Bank. If you get the others fixed, this probably won't be a factor.
The Money Store commercial starring Phil Rizzuto
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