Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
sugarbear101

0 Contributions
0 People Helped
why am i sent offers and then rejected
So I'm a little new with this and now very confused. I started out with 690 and received a bunch of credit card offers through Credit Karma. I haven't had a credit card in years, so I fill out a couple of applications that were sent to me, only to be declined and now my score is at 658. I know I need to build credit and that's what I'm attempting to do but with every inquiry it lowers my score making it that much more difficult, so why is the company that is supposed to help build and monitor my credit sending me "excellent offers and VERY high chance of approval" offers if its continuously dropping my score? Totally confused.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
315 Contributions
442 People Helped
Most Helpful Response

Don't play into the advertisements

Helpful to 1 out of 1 people

Credit Karma gets paid by advertising these credit cards to apply for. That's also why it's free to monitor your credit on this website.

You really don't apply for ANYTHING without doing proper research on the item or service you are looking to possibly get.

What has happened is that you orginally applied for cards that were most likely out of your credit range. A computer program decides what credit card advertisements to send you. Not necessarily the cards that may be suitable for you.

Anyway, you applied for a couple of these types of cards, got rejected and what you may not know is that those 'couple' of rejections also sent 'hard inquiries" to your credit profile in which when you get denied, it hurts your score. Since you didn't know this ahead of time, I can only assume that you continued to apply for other offers and continued to get rejected.

That is most likely because you now have too many hard inquires on your report now. If or when you get letters from these card companies telling you why you got rejected, look to see if any say that you were rejected for "too many recent requests for credit" or the only other thing I can think of at this moment would be "not enough credit history"

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.