If your credit is less than desirable, you may have to pay a higher rate for insurance or your application may even be declined. Due to insurance purposes, some employers may require a better than average credit rating for employment. It is important to remember that your signature at application is sufficient permission for creditors to request your credit report. Regardless of any promotional gifts, you should refrain from applying for credit unless it is absolutely necessary. If you attempt to apply for credit and you are denied due to a lack of credit history or a delinquent credit history, consider submitting alternate credit sources to the credit bureau.
Alternate sources are cable, auto insurance, pager, cellular phone, and utility bills.
These liabilities are not typically reported to the credit bureaus. You may wonder why you receive so many offers of credit in your mailbox. Creditors purchase mailing lists from compilers around the country. A bank who wants only A credit borrowers will then purchase that list and solicit consumers for their business. Since delinquent credit histories are becoming great in numbers, many lenders have begun offering high-cost credit programs to these borrowers as well.