Over Half Of Americans Have Been Rejected For Credit—Here’s How To Get Approved

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Over Half Of Americans Have Been Rejected For Credit—Here’s How To Get Approved
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Over half of Americans have been rejected for credit—here’s how to get approved:

The only problem: his application for the Apple card was denied.

He’s not the only American who has faced the same disappointing reality; a new survey finds that over half of Americans have at some time been surprised to be rejected for credit. The survey, conducted in September by ScoreSense, a digital resource where consumers can access their credit scores from all three major bureaus, finds that consumers are getting denied credit for three reasons: Credit ignorance, having too many lines of credit or, conversely, not having any at all.

There are now dozens of ways consumers can access their credit scores on a routine basis—and for free. Fintech companies like Credit Karma and Credit Sesame now enable users to view their credit scores for free as soon as they log into the app; they also send notifications via push alert or email to inform users about changes to their score.

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