Problematic Credit Enquiries
You decide you would like a new credit card but you’re not sure who has the best deal so you jump online and have a look around. You want to hedge your bets and make sure you get approval for a card, so you pick out 5 credit cards you like the sound of and apply for them all. After all, you don’t need to accept them all if they are approved and this way you are surely going to get at least one cross the line, right?
But hang on, what was meant to be an easy process of getting a credit card is proving to be a bit of problem. You can’t explain it, but over the course of the next few days you receive knock backs from all the companies you applied to. This seems strange as you have a good job and have never missed a bill payment, so your credit should be fine. You decide the companies you applied to must be being picky, so you jump online again and make 4 more applications. What’s this, four more declines? This is crazy!