Question by prabuddha: How disapproval of credit card application affects credit history?
I have applied for a credit teased and got disapproved as they says I have limited credit history. Does it adversely affect my credit history and score? Should I go ahead and apply for another one now?
Best answer:
Answer by Money Answer Man
You don’t ask a credit card, stop applying. Do not get into debt. Pay for everything in cash. A good govern of thumb to live by is if you tin’t afford to pay cash for an item, you can not afford to use credit to pay fro an item. My family makes less than $ 40,000 a year, we have an accommodated and two cars, paid cash for all. If I can do it, anyone can, regardless of income. Save money and pay cash! For more information visit www.daveramsey.com.
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