Originally posted by: RossMAN
Originally posted by: Krutoy
I recently applied for a credit card, and have been declined. The reason for the decline was because I had a 90 days past due account about a year ago, which I took care of since. Can anyone tell me how long that mark is gonna effect my credit for? Sincere help would be greatly appreciated.
1) Are you 100% certain that's the
ONLY reason you were declined?
2) What exactly do you mean you "took care of it" please explain.
3) If you really did "take care of it" do yourself a favor, ask the creditor to send you a letter on their letterhead, listing your name, address and complete credit card number, signed confirming this. Again get this IN WRITING.
4) It usually takes 2 months for credit reports to be updated, so I would wait at least 3 months (6 months is even better) then re-apply.