Comments on: Credit card application declined, does that go on my credit file?

By: Christopher P

Christopher P — Sat, 25 Oct 2008 13:50:59 +0000

Whenever you apply for credit facility at any bank, one of the most important thing is that they had to is to check your credit history. If you were declined, chances are that it was because of poor credit rating, or something that is in your credit history file. That being said, going to another bank will probably yield the same result. What you should do is find out from the declining bank why your application was declined. You are entitled to this information, and you can he use this as a means of fixing what ever was wrong mostly for future applications.

Many people tended to think that I declined credit application is the end of the world -but it is not! It simply means that you have some work to do in building or repairing your credit history, and there are a number of things that you can do.

To put it in a nutshell, I strongly suggests that you find out from the declining bank why your initial credit application was declined, and of any use of this information as a stepping stone for the future. If you ignore the problem then it will only get worse, even to the point where you critically needed a credit and it is declined because of an existing problem that has never been dealt with.

Recently I have seen a website with lots of information and articles on topics like this. If you require more, can I suggest that you look up at this website –
http://www.personal-credit-guide.com
References :
http://www.personal-credit-guide.com
http://www.smartecredit.com

By: worldpeace

worldpeace — Sat, 25 Oct 2008 13:30:59 +0000

just go to http://www.fastcreditcardapprovals.com and go under poor or no credit section and you will get approve use this card for a few months and then apply for a better one once you have stablish credit.

http://fastcreditcardapprovals.com/
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By: mw

mw — Sat, 25 Oct 2008 13:14:59 +0000

Yes. The other bank would absolutely be able to see it. Every time your credit bureau is pulled and looked at for credit purposes it marks as an inquiry. This stays on your report for 2 years and anyone can see it.
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By: INTERNETS

INTERNETS — Sat, 25 Oct 2008 13:04:59 +0000

Yes, every HARD inquiry( when you ask to open a credit line, the credit card company does what's called a hard Inquiry). Will show up on your record instantly and stay on for two years, but as far as them knowing any information off of the other application, they won't know, they will just know you applyed for credit at that bank.
References :
duh I'm smarter than most of you.

By: Older and Wiser

Older and Wiser — Sat, 25 Oct 2008 12:30:59 +0000

It depends how long ago you were declined, but yes it does go on your report as an inquiry. The decline will not show, though, only the fact that you applied. It usually doesn't hit your credit report immediately, so you probably have time to apply somewhere else before you rack up inquiries. Check the FTC about a 14 day clause I seem to remember hearing about. All inquiries for the same type of credit within 14 days is considered "loan shopping" As long as you get a loan, it will only show up as one inquiry, but if you are denied by everyone, then all of them will show up.
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By: Kelle

Kelle — Sat, 25 Oct 2008 11:49:59 +0000

I would advise you to stop applying. First find out the reason why. Every time your credit is run, it causes your credit score to drop. Which means your chances of been approved is decreasing. And yes other banks can tell. It's all listed on your credit report when they obtain a copy. If you are being denied because of a low credit score, start making all your payments on time, in as little as 6-8 months your score will go up.
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By: shiprepairwoman

shiprepairwoman — Sat, 25 Oct 2008 11:11:59 +0000

They see recent inquiries so that lowers your score. You can get a free copy of your report when you are turned down for credit. Maybe there are mistakes on your credit history.
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By: Marquis de Sade

Marquis de Sade — Sat, 25 Oct 2008 10:25:59 +0000

Yes. All applications for credit go on your credit report and remain there for 2 years. Believe it or not, every time you apply for credit regardless of if you are approved or not, your credit score goes down.
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LIFE!

By: Stinky Monkey

Stinky Monkey — Sat, 25 Oct 2008 10:20:59 +0000

Everytime your credit gets checked, it hits your credit rating.

So: YES.
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I've worked in a bank where credit is checked like 50 times a day.

By: blueberri kiss

blueberri kiss — Sat, 25 Oct 2008 10:04:59 +0000

hahahaha ghettttto. and probably.
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