Credit card refusal

[Shadey]

i have recently applied for a credit card as i was looking for a better deal and was interested by an offer which was being advertised. on applying i was refused, i dont have a bad credit history, no loans or even a large credit card balance. i phoned the company for an explanation but they said they couldnt tell me an advised me to contact the ICB and get my credit report. has anyone experienced similiar?

 

[oysterman]

has anyone experienced similiar?

Too vague, I'm afraid. You'll need to get the ICB report and see what the story is. We'd be interested to hear.....

 

[dfg75]

How do you get an ICB report? Is there a fee to get the report? How long does it take to obtain it?

 

[ClubMan]

http://www.icb.ie/

 

[colm]

Could it be you have no credit history...???

 

[HappyBudda]

It might not be anything monetary, moving address too often can have a signifacant negative effect on your credit rating

 

[bond-007]

Yes, apparently the worst one is having no land line phone. It is an automatic refusal for some lenders.

 

[colm]

Yes, apparently the worst one is having no land line phone. It is an automatic refusal for some lenders.

Never heard of that one....
I have go loans ,(and 2 credit cards) for years with out a land line.

 

[bond-007]

It deffo has a neg impact with a few lenders.

 

[colm]

Are you basing this on anything concrete or just hear say?
With landlines on the way out I find it hard to believe this could affect your credit rating

 

[bond-007]

I have sight of a Data proctection act disclosure from an Irish lender where the credit score was affected by a mobile only number being given.

 

[colm]

If i had that & it refered to me I would be taking action against them..
Whether you have a landline or not in no way affects your rating from the ICB

 

[shanegl]

I'd say he's referring to an internal credit rating. The ICB don't give you a credit rating, only a credit history.

 

[bond-007]

Correct. This was a banks internal document.

 

[Moral Ethos]

It deffo has a neg impact with a few lenders.

Yes, It is like moving house too often. You are considered flighty and not a good risk. Basically they are saying you have no ties to the address given.

 

[colm]

I have never heard of this either....
I have friends who move every couple of years
They have four mortgages.. I think people are getting carried away with this.
The OP was about being refused a credit card. I doubt any of the above were the reason

 

[miser]

Have a look at this thread.
http://www.askaboutmoney.com/showthread.php?t=16499

 

[bugler]

Like most efforts businesses make to reduce fraud, it's completely ineffectual and is more likely to refuse the business of honest people than prevent fraudsters getting past it.