Avoiding The Stress Of Not Knowing Credit Application Status
Posted at by ifydcat on category CreditWhen the loan mortgage crisis hit everyone all over the world was affected. Now, unlike never before, people are relying on credit cards just to weather out the storm, but at the same time, credit cards are getting harder and harder toget.
The good credit card offers will be tough to get for the people who do not have great or better than mediocre credit because the creditors can’t afford to take the risks they were able to take before.
This is why, not knowing one’s credit card application status can be such a nerve wracking experience. If you have ever applied for a credit card and were forced to wait for a long time before any news of what happened to your card came, you know exactly what this feels like.
When someone needs a credit card for the transactional flexibility it offers, this makes a rough situation rougher. The problem is that there are so many factors that make it harder and harder for people’s card applications to be accepted.
An already tightly squeezed credit card industry is feeling the additional squeeze that has been put on it by the new credit card laws passed recently. A debt of around one trillion dollars in credit card debt has been building up and this bad debt is beginning to worry most economists.
The huge credit debt is just more stressful news for people who really need their credit cards to handle their heavy burden of financing for future purchases, when they don’t have the necessary cash.
If it takes a long while to find out about your status on a credit card application, you may be tempted to apply for a different credit card or try to find some other means of getting an advance on the money you need.
If you give in to a temptation such as this, it may be quite costly for you. This would be a mistake because the card you have been waiting for may be approved and if you get two cards there will be two debts when you need just one.
Forgetting to check on their credit card application status could be something that only someone who doesn’t need a new credit card very much, may not remember to do.
Your credit card application status is easy to check on; it depends on which credit card company you have chosen to apply to.
Most credit card companies will allow applicants to check on their application status online, however, if you do not want to do this online, it can be done by phone.
A Wal-Mart card application status for example, can be checked by calling their number; however, this service number requires you to give them your social security number.
To conclude, if you want to check on your credit card application status, it is something you can do for yourself. You can check on your credit application status when you have a question about it, by asking for the telephone number or web address where you can get the information.
For more information about credit cards visit CreditCardsWeb.co.uk for great articles and links to credit cards that offer credit cards and also 0% purchase credit cards