News and Advice >
Article Categories >
Credit Score
Insufficient Credit History
Sometimes you may be denied credit, simply because your credit report contains too little information about your record of paying off past loans and handling debt. This may occur if you are young, or if for any other reason your have no or only a short credit history.
If this happens, make sure that your credit file reflects all your credit accounts. Certain accounts, such as some department store credit cards, along with travel and gasoline cards are typically not included. If you are denied credit because of an “insufficient credit file,” you can ask the credit reporting companies to add these credit accounts to your file, so they become part of your credit history. You may be required to pay a fee for this service.
Published: May 22, 2009
View similar Credit Card News
Improving Your Credit Score -
If your application for a credit card has been denied because of a low credit rating, or if you have other reasons to be concerned about your credit history, there are several things you can do. Below are some steps you can take to improve your credit rating and increase your chances of getting approved for a credit card or loan in the future.
How to Report Identity Theft -
Every year, identity theft strikes almost 9 million Americans. The theft is most typically discovered within the first three months, but in some cases it takes much longer; the victim might only find out when he or she is declined for a new credit card application.
A Brief History of Credit Scores -
What a difference a few hundred years make. Like our forebears of yesteryear, we hold certain truths to be self-evident: that we’re all endowed with certain unalienable rights and that all men (and women) are created equal—as long as our credit score meets a certain minimum benchmark.
Entertainment
Canadian Cards
U.K. Credit Cards
Australian Cards
Belgium Cards
Norwegian Cards
