Why Did The Credit Reporting Bureau Reject My Application ? - CREDIT BUREAUS

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TODAY'S SAVING TIP  Generally, all your credit history information, good or bad, remains on your report for seven years. If you file for personal bankruptcy, that fact remains on your credit report for 10 years.
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CREDIT BUREAUS: Why did the credit reporting bureau reject my application ?


Credit bureaus do not make decisions whether or not to grant credit. It was the lender, not the credit bureau, that made the decision not to approve your application. Each lender sets its own standards about whom to lend to. The vast majority of lenders base lending decisions on information provided by the three largest credit bureaus: Equifax, Experian and Trans Union.

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