No. of Recommendations: 0
I just applied for the NextCard Internet Visa--kind of on a whim, the website said I could apply and see what upgrades I qualified for in under 30 seconds--and I was rejected, which I didn't expect, and now I'm all freaked out!

First of all, will this rejection show up as a mark against me on my credit report? And does this mean I'm not going to be able to get ANY of the credit cards I wanted? I posted last week with a question about rewards cards, and now all my good research may be for naught!

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?

I guess I was being naive. I thought with only three cards (total line of credit = 9,000,)one of which I've had since 1993, a decent income for a young, single person (30,000), and what I thought was a decent credit history, I wouldn't have a problem.

I feel really foolish :-(

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