credit

6 credit report items that scare lenders

Get your free credit score

Credit Cards » 6 credit report items that scare lenders

Is your credit report scaring lenders?
Previous
1 of 7
Next

Is your credit report scaring lenders?

You pay your bills on time and never miss a payment. If you're still having trouble with credit, something on your credit report could be scaring lenders.

Everyone knows the big gremlins that haunt credit reports: items such as bankruptcies, foreclosures and even late or missed payments. Less dramatic items can also spark some anxiety in skittish lenders.

When you apply for a loan or a card account, lenders review your credit score and pull your credit report. Or they may take that report and pump it through one of their own scoring systems.

If they don't like what they see, you could be rejected. Or you may get approved with less-favorable terms. And it isn't just new applicants who have to run the gauntlet. Credit card issuers periodically review their current customers' files, too.

Even more confusing is that different lenders zero in on different credit report items. So it's entirely possible that, even for the same loan, no two lenders will see your credit history in exactly the same light.

Think there could be something heinous lurking on your credit report? Here are six items that could scare lenders.

Previous
1 of 7
Next

advertisement

Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 16.35% --0.00 16.35%
Cash Back Cards 16.69% --0.00 16.69%
Low Interest Cards 12.02% --0.00 12.02%
 
Search
advertisement
advertisement
advertisement

Credit Card Blog

Mitch Strohm

Credit card rates for Friday, July 29

It's a good time to be in the market for some new plastic.  ... Read more


Connect with us