Posted on May 4, 2020 by iwano@_84
Are you currently wondering why you were rejected from a credit card application you just filled out? What has you really wondering is why you can’t get a credit card with say a limit of $3000 yet you can qualify for a home renovation loan of $19000. Why the heck can you get a large loan for a home renovation yet the credit card company has denied you credit. This can be somewhat confusing for people so I am going to explain why this might happen.
After reading this article you will understand the difference between a bank loan and a credit card. While both are lines of credit issued by the bank they are very different in how the bank views the loan.
The first thing you must understand is when you apply for a loan such as a home renovation loan, the issuing bank views the loan as … Read More