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- Has the Credit crunch affected NEW credit card applications?
nottingham_2
Posts: 2 Newbie
in Credit cards
The credit crunch and additional credit options have made it HARDER for people to get finance(loans, mortgage etc), compared to 3-4 years ago, when almost anybody could be accepted for credit.
So it is generally harder now to be accepted for credit.
Does that mean it is harder to be accepted for a NEW credit card? compared to in the past?
In other words..., if i apply for a credit card, is there a GREATER chance of being rejected, than there was 3-4 years ago? ?
(my credit is fine, no defaults or nothing bad on it, so no credit issues on my file)..
So it is generally harder now to be accepted for credit.
Does that mean it is harder to be accepted for a NEW credit card? compared to in the past?
In other words..., if i apply for a credit card, is there a GREATER chance of being rejected, than there was 3-4 years ago? ?
(my credit is fine, no defaults or nothing bad on it, so no credit issues on my file)..
0
Comments
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Credit is getting harder to get. I have an excellent payment record with quite a high income, but recently applied for a barclays 0% tranfer credit card and was declinded!!!!!!!!
First time in my life I have been declinded for any credit.
Also just changed my mortgage and went through really quickly no problems at all .............so really have no idea whats going on with this who credit crunch!!!!!!!!!!!!!!Payment a Day : Creation £1416.05 Cleared June 2017
Capital One : £2169.37 Cleared May 2018
M & S : £3207.29 Cleared May 2018
First direct £4900.00 Cleared July 2018
Next £2206 Cleared September 2018
Capital One Platium £2800.00 Cleared November 20180
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