STABILITY IS THE NAME OF THE GAME IN CREDIT

Applying for credit can be a daunting process. Sometimes people do not want to give you a credit card for all kinds of reasons. Not having credit currently can keep companies from giving you a credit card because no one wants to go first in giving credit to a new credit customer. This can make finding a credit card difficult for the first time credit customer. There are other reasons that people may turn down your application that you may not have ever thought about and we will explore some of those reasons here.

Stability is important to credit companies. Having a permanent address to write down on your applications, generally, shows credit card companies that you are in a stable home. With multiple moves and multiple former addresses, credit card companies can become wary of you. If you have a post office box that will mask all of your moves, it will not actually do this. The credit card companies sometimes believe that post office boxes are a sign of instability. They will think exactly the opposite of what you would have hoped it would prove to them.

To further demonstrate that you are in a permanent place a permanent address is not the only thing you can add to your application to show stability. You can also have a landline for your telephone. Only having a cell phone implies mobility, since you can move several times and have the same cell phone number. But, a landline is definite proof of remaining in one place for a significant amount of time. The trend now is to have a cell phone and no landline, but if you want to show people that you are a good risk for things such as credit, mortgages and loans, you will have to decide to buck the trend.

There are remedies for the situation if you have to move while you are in the process of applying for credit. If it is absolutely necessary that you move, have a permanent address that you can write down for the application. It could be a friend’s or a relative’s addresses but make sure that this person is not planning on moving! That would completely defeat the purpose of this practice.

Making yourself look in as stable a position as possible, with a permanent home and a stable job, will improve your chances of receiving the credit you seek. This requires a home address, never a post office box, and a landline. With just these two steps taken, banks and credit companies can feel more comfortable lending to you.

Credit Secrets Revealed is an e-book that will help you to get the credit you need.