What to do if you are denied credit in spite of a good credit score – Daily Access News
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What to do if you are denied credit in spite of a good credit score

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It might have happened to you. Your credit rating looks good, but you are turned down when you apply for a loan or for a credit card. Understandingly, you are upset. You would like to know why you were refused credit when your score looked good. You also would like to know how you can improve your chances next time you apply for a loan.

Reasons for refusal

Here are possible reasons for the refusal from myFICO, the consumer division of FICO, a data analytics company based in San Jose, Calif., which develops credit reports and provides alerts from all three credit bureaus.

Credit scores can be varied

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