No. of Recommendations: 0
I just got a copy of my Experian report (which is the one NextCard said they accessed) and I have two delinquencies, one from 1997 and one from 1998. Both were due to carelessness on my part (I just didn't pay the bills on time, even though I had the money--I was no Fool), and I paid each one off in full, both I think within 30 days. I actually don't have the report in front of me, so I can't remember exactly. NextCard gave me two reasons why they refused me: 1. Delinquent credit. 2. Proportion of loan balances to loan amounts is too high. The first one must refer to my two late payments, but I don't know what the second means. Anyone understand that?

As far as I know, being rejected for a credit card does not show up on a credit report. The proportion of loan balances to loan amounts means is a percentage value. If you have a credit limit of $10,000 and you currently have charged $7,500, your proportion is 75% (7500 / 10000). Most credit lenders don't like to see someone who has used most of a credit limit because it looks like someone who thinks that more credit means more ability to spend without regards for paying it back.

Then again, if you've been hanging around this board for a while you know what I'm going to say (but I'm going to say it anyway). Just get rid of all the offers you have, pay off the cards you have, and cut them up. Credit cards enable people to get into debt too easily.

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