denied credit card
Absolutely nothing else. I have an income twice as high as the one required by the bank for the card and a 850 credit score.Dear Sir/Madame:
Thank you for applying for .....
We regret to inform you that we are unable to approve your application as it does not meet our credit criteria at this time.Thank you again for your application.
I leave in Ontario and the Ministry of Consumer Services web site says:
Do I have any recourse here? Based on what Ontario Consumer Reporting Act says I believe that the bank should explain the decision.I’ve been denied credit. What are my rights?
If a person denies you credit, he or she must tell you:
- That you were denied credit because of information received from a consumer reporting agency or from another source
- That you have 60 days to ask for the name and address of the consumer reporting agency or the nature and source of the information that was used as the basis for denying credit.
Any comments would be greatly appreciated.