Bad credit score? Take a secured card to rebuild borrowing history

Even if your current salary is high, your credit history could be causing problems

Have you ever been in a situation where you were denied credit by a financial institution, just when you were waiting eagerly to buy an expensive gadget or appliance? With an increasing number of people applying for different forms of credit, this has become quite a common occurrence nowadays. While such a turn of events dampens the mood, not knowing why the application was rejected adds to the borrower’s frustration. In this age of high dependence on loans to meet a variety of needs, it has become imperative to understand how a financial institution assesses an individual’s creditworthiness and decides