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The time now is 05/17/08 - 13:18

Low credit score


RealCool.BIZ Forum Index -> Finance -> Credit Ratings & Repair

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bee
Apprentice


Joined: 15 Oct 2005
Posts: 5



PostPosted: 11/26/07 - 08:45    Post subject: Reply with quote

Hello! Please can you give me some advice? I applied for a Privilege Account with the co-operative bank a while ago and they refused me. I have a good job now, but I am still working on paying off my student loan and I do have some pretty high debts. The Co-op told me that I have a low credit score, and this is the reason for the refusal. My question is what can I do about this?
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yehudi
Apprentice


Joined: 23 Nov 2006
Posts: 25



PostPosted: 12/26/07 - 00:53    Post subject: Reply with quote

Not much, is the answer. These credit scoring agencies calculate your credit score on the basis of your track record over many years. I dont know how long you have been in your current job, but if it is not too long, you probably just need to be patient. By the time you have built up your career and paid off your student loan, your credit score will have increased a lot. Then you will be able to get any account you want!
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