Senior Contributor
Posts: 3,067
Registered: ‎11-02-2009
Re: Why Am I Not Getting Approved?

A recent 30 day late can have a large effect.  The good thing is that its effect doesn't last that long compared to other major derogatories. 


If you have no open credit cards, you probably would see a score increase from opening a card.  While you take hits for an inquiry, a new account, and lowering of AAoA, a lot of people report seeing an increase when they have no revolving credit and they add a card.  Sometimes there is an increase for the second card as well.  Adding a secured card as suggested may be a good approach.


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720

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