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3 Times a Good Credit Score Isn't Enough to Get You a Loan

May 18, 2015 by Admin
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When it comes to getting loans, having good credit is crucial. A good credit score shows potential lenders that you’re a reliable consumer who pays bills on time and keeps your debt balances at a reasonably low level, so they have good reason to believe you’ll do the same if they extend you credit.

While a great credit score will carry you far in a loan or credit card application, you can’t rely on good credit alone. There are a few situations in which you still might not get a loan or credit card you apply for, even though you have good or excellent credit.

via 3 Times a Good Credit Score Isn’t Enough to Get You a Loan | Credit.com.

 
 

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