Why Won't Anyone Give Me a Credit Card?
You're responsible with your finances, fully employed, pay every bill on time, and you might even have a high credit score, but every credit card application you fill out gets rejected.
An ironic fact about building good credit is that it often requires credit to get started. Most lenders are hesitant to give you a loan without any credit history. And applying (and getting denied) for a bunch of credit cards in a short period of time only makes the problem worse. When a lender reviews your credit history and sees no unsecured credit and a lot of recent inquiries, it makes you look desperate for credit and raises a red flag.
Luckily, there are some steps you can take to increase the likelihood a lender will approve your next credit card application.
Source: Fool.com
