Re: Why some creditors approve/some not?

Posted by CardReport.Com on October 17, 2000 at 17:00:36:

In Reply to: Why some creditors approve/some not? posted by Brenda on October 17, 2000 at 16:55:04:

All creditors are looking for the same basic things:
stability, income, previously established credit
lines, on-time payements, etc.

Some creditors have different *levels* of requirements
than others. Some may require less previous history.
Some may be somewhat more tolorant of past problems
like late pays.

To be totally confident with "any" application, you
would need a *perfect* payment history for the past
seven years, low ratios of debt-to-income and
balances-to-limits, and available-credit-to-income.

Things will get better as those late pays receed
further into the past. Good Luck.

Follow Ups:

Post a Followup