Buying Used cars

When buying used cars with a credit card, there is nothing more frustrating to find out the source of your deposit...a credit card, has been denied. Here is a great article to help get you past that post. Buying Used cars - 4 Steps You Can Take If Your Online Credit Card Application Has Been Refused by: Wes Atkins Help! I’ve Been Turned Down You received an envelope in the mail with a great offer for a low interest credit card. You read all the details, even the boring small print and decided that this card fit your needs to a tee. You filled out the required forms and anticipated the day that the card would arrive – you even got to pick which background you got. However, what came in the mail was not an acceptance and a brand new card but a denial. What is your first reaction? Perhaps anger. Perhaps sadness. Perhaps fear. Yet none of these will help you get a card! So, what should you do? 1. The first thing to do is read the letter carefully. Two important pieces of information must be included in the letter you receive when you're credit application is disapproved: The specific reasons you were denied credit, or information on how to obtain those reasons, and, if a credit report was used in making that decision, the name and address of the credit reporting agency. Here are some possible reasons for denial: Haven’t lived at your current location long enough Haven’t been employed at your current job long enough Your income is not sufficient to meet this particular creditor’s minimum income requirement Information supplied by the credit bureau 2. If the reason for your denial is unclear to you, then call the company for clarification. What were the exact reasons? What were the exact standards that you did not meet? This information is important to know and understand. If you apply for credit again and are turned down, then this reflects poorly on your credit report. The best advice for this situation is to wait at least 6 months if you have been denied by two different companies in quick succession. 3. If you've been denied credit because of information supplied by a credit bureau, federal law requires the creditor to give you the name, address, and telephone number of the bureau that supplied the information. You should contact this agency for a copy of your credit report. Federal law states that you are entitled to a free copy if you’ve been turned down. Once you receive your report, check it for accuracy. Up to 40% of reports have errors. If you find an error, then you need to report this to the bureau in writing. Be sure to send along whatever proof you may have. Getting the credit bureau to investigate an error will not cost you anything and will save you a lot of time and frustration when it is corrected. 4. If mistakes on your report led to the rejection of your application, ask the credit bureau to send a corrected copy to the lender. Then you can ask the lender to reconsider your application. If however, you were denied because of a poor rating, only better spending habits and time will help you get the credit you desire. In Australia buying or selling a used car can be daunting. I will show you how to stop being ripped off by a dealer, private sale or an auction by following our guide and review of the top cheap cars for sale in Australia. These locations include Brisbane Queensland (QLD), Sydney New South Wales (NSW), Melbourne Victoria (VIC), Canberra A.C.T. Adelaide South Australia (SA), Perth Western Australia (WA) Townsville, Cairns, Geelong, Sunshine Coast, Gold Coast, Tasmania and New Zealand. See more information at Used Cars
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