What If You Are Declined When You Apply For Credit?

Have you applied for a loan or a credit card and were declined? Wonder what to do now? What happens with that information? Who knows about this besides you and the creditor? Is it reported someplace that will come back to haunt you? I remember all of those fears and thoughts when I have been declined before and I know exactly how (crappy) it feels. Listen in to learn what you need to know if you have been declined: some potential reasons why, what to aim for to improve upon your situation, and what to do next.