I cant get credit?

I have got my credit profile from credit expert and there is nothing on there that clearly indicates a reason why i have bad credit. my score is a mere 502 out of a thousend and im considered ia %26quot;high risk borrower%26quot;.

I have tried 4 companies in the last few weeks to get a very important loan that i really do need, to consolidate debts and to pass my driving test so i can get to a new job easier that im due to start in march.

The last of the companies was my own bank of 16+ years and they refused me claiming %26quot;ive applied for too many loans in a short space of time%26quot;. Which if that was the case why was the 1st on refused?

I have missed ZERO payments ever on any credit account and always pay my debts monthly, so i just do not get it.

I rent my own home, and have for 18 months, so am on the electaroll thingy... its just unaswerable?

Any suggestions or similar scenrio's where your confused to hell about it? If so what did you do for the best? I need 鎷?000 in total!

I cant get credit?

It sounds as if you have pulled only 1 credit report of the three possible. And sometimes one report will not have information that another will at a given point in time. If you haven't received your report from the other two agencies, you should. There could be something that you don't know about, ie: identity theft.

Another possible reason is the ratio of used credit compared to how much credit you have. The higher the amount you use, the riskier lenders think you are.

And keep in mind that applying for credit does decrease your score.

I cant get credit?

Go to a credit union if there is one and try to get a credit card its important to say to reestablish your credit.

I cant get credit?

When a bank runs your credit to determine your if your eligible they get a detailed credit report. Get a copy it should be free and go over every single line item one by one. My guess is if you had a great score and have done nothing out of the ordinary you may either be a victim of identity theft, someone is using your credit cards without your knowledge, or your creditors are falsely accusing you of late payments. Make sure as to whether or not that all of the debt that you see is debt that you created. Also make sure the credit report doesn't show late payments. I have seen late payment fees applied to credit cards when it was the credit card companies in ability to process payments in a timely manor. It doesn't matter whether you are on time or not do not assume that your credit report doesn't show late payments on it.

Sounds to me that your bank doesn't have a clue.

I have seen instances where a previous girl friend was charging insane amounts on a charge card as she was authorized and before the guy new it his credit was wrecked and owed a ridiculous amount that he was liable for.

If normal answers do not apply then look for the absurd.

Good Luck

I cant get credit?

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Good luck!