What do you do when you run out of credit because you swapped your debt too many times to interest free credit cards? Well, normally individuals who swap cards don’t lower their credit rating because of the short time-period the major credit reference agencies hold that data.
Generally anticipate that your request for credit will be on your credit report for 1-2 years depending on the agency. So that may not be the issue you need to look at. If you are constantly opening credit cards, have you canceled any of the old ones? If you have to much credit available to you, creditors may not send you the offers because they think you have enough. Cancel all the cards you don’t use, and this could help the situation
If you still don’t know why you aren’t getting any more credit offers, ask your lender. They are required to give you the primary reason they rejected you. ■
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