If so, then you know how frustrating this can be. If not, maybe you’re lucky enough to have never been refused credit, but maybe that just means that you haven’t needed it before! Regardless of your situation, whether or not you’ve been refused credit, there are some important things to know about this situation and how to handle it. Website - https://decs-wekilldebt.com/

2. The Risks of Refusing Credit

3. Have you ever found yourself in need of
an emergency loan, but been refused?
If so, then you know how frustrating this can be. If not, maybe you’re
lucky enough to have never been refused credit, but maybe that just
means that you haven’t needed it before! Regardless of your situation,
whether or not you’ve been refused credit, there are some important
things to know about this situation and how to handle it. These things
will help you understand why your credit has been refused, how to
prevent it from happening again, and what steps to take if this becomes
a recurring problem.
1. Credit Impacts Employment

4. 2. Get a Free Credit Report
Relying too heavily on cash can be risky when it comes to your career. If
you’re looking for a new job, turning down credit could put you at a
disadvantage—especially if most of your job opportunities are for
positions that require credit. Employers often use credit reports as part
of their background checks to determine whether an applicant is
responsible enough to hold a position with them. In these cases, refusing
credit may affect more than just your short-term budgeting; it may have
longer-term implications for your employment status.
If you’re rejected for credit, check your credit report to make sure there
aren’t any errors. It’s also a good idea to monitor your report regularly,
as it can be used to determine your eligibility for new lines of credit and
other services. If you see something on your report that isn’t accurate,
contact one of these three major credit bureaus—Equifax, Experian, or
TransUnion—to work with their dispute process. (You may want to do so
even if you don’t think an error is present.) And if you find yourself in a
situation where your request for new credit is repeatedly refused, ask
why; maybe there’s another option you should consider.

5. 3. Keep an Eye on Your Credit Report
When you apply for credit, be it in person or online, your credit report is
checked to decide whether or not you’re a reliable borrower. That’s
because creditors will base their decision on how you’ve handled previous
lines of credit. Checking your credit report annually means that any
discrepancies—such as inaccurate information—can be corrected before
they impact your ability to borrow money. And remember, if you ever
suspect someone else has tampered with your personal information (such
as by opening accounts under your name), then contact both credit
bureaus immediately; identity theft is never something to ignore.
4. Why Inquiries Matter
you ask a bank or lender to review your credit report and scores. This will
lower your score by a few points. However, an inquiry remains on your
report for two years so multiple inquiries in that time can result in lower
scores and make it more difficult to receive approved offers.

6. Furthermore, each time you request information about a loan or line of
credit your score can drop. For example, you may have a valid need to
check your credit reports if:
* You’re applying for new lines of credit such as getting new credit cards
or taking out loans to purchase assets (property, etc.). The number of
times your social security number is run by banks and lenders determines
how many times there are inquiries on your report. This can lower your
score significantly.
* You have been a victim of identity theft or had accounts opened in your
name without permission. In either case, you will likely want to check
with each bureau every 90 days to ensure that all inquiries are accurate
and no others have been made in error.
Also, keep in mind that refusing credit doesn’t guarantee you won’t
receive an inquiry when you apply for an account later on.

7. 5. Pay Off Your Balances in Full

8. 6. Do Not Close Old Accounts
If you do have a good credit score, but you’re only making minimum
payments on your credit cards each month, it can take years to pay off
your balance. Instead, commit to paying off your balances in full each
month. The sooner you pay off your debt, the sooner you can start saving
money instead of spending it on interest fees! You may even want to
apply for a balance transfer card if you think that carrying high-interest
debt is dragging down your ability to save; look for one with an
introductory 0% APR period.
If you think having a lot of old accounts will put you at risk for identity
theft, think again. When your credit score is calculated, it looks only at
active lines and recent activity. An open account that hasn’t been used in
years won’t make a big difference to your score. Closing an old account
could do more harm than good by lowering your average age. And if you
close your oldest account because it has a balance with an outstanding
bill, don’t worry: Your payment history is always reported regardless of
whether or not there are balances on all cards.

9. 7. Avoid Speeding Tickets and DUI’s
Also know that when opening new accounts, companies want to see a
solid mix of old and new—so keeping just one card may not be enough to
convince them to approve you for another line.
Your credit score is used by several different industries to determine your
creditworthiness. Those who have low scores tend to pay more for
insurance, are less likely to get approved for a mortgage, and may not be
given loan options in foreign countries. One such industry that relies on
credit history is law enforcement. When you’re pulled over for a traffic
violation, an officer will run your license plate through his or her
database to check whether you have any outstanding warrants or unpaid
tickets.
8. Be Cautious When It Comes to Cell
Phone Insurance Plans

10. 9. Consider All of the Costs
Before you sign up for a cell phone insurance plan, understand that you
are paying an average of $1.50 in premiums every month to protect an
investment that, if broken or stolen, can be replaced for as little as
$100. The cost also depends on your carrier and how much it would cost
to replace your device if damaged. Many carriers offer protection plans
at discounted rates instead of going through a third-party provider, so
consider those options first before choosing a third-party provider.
You don’t want to get into credit card debt, and that’s understandable.
But refusing credit altogether is not always a good idea. Often, people
end up paying much more for things they need if they wait until payday
or until they have saved enough money to buy them outright. For
example, say you need a new bike; with your cash in hand, you visit your
local shop and negotiate a good price on one that fits your budget
perfectly.

11. 10. Don't Check Into Rehab Unless
Necessary!
People who are addicted to drugs and alcohol, or who have medical
conditions requiring regular treatment with drugs such as painkillers,
often need to be able to manage these issues while maintaining a job.
For many people in these situations, going into rehab can be just what
they need to begin living a normal life. However, many people would
benefit more from simply refraining from using addictive substances and
seeing a physician regularly than they would from being locked away in
an expensive rehabilitation facility.
If you think that you might need help with substance abuse, but you
aren’t sure whether your situation is severe enough to necessitate
treatment at a rehabilitation center, you must seek help from
professionals; an addiction specialist will be able to evaluate your
situation and help determine whether rehab is appropriate for your
needs.

12. Contact us -
 Address - 18930 HWY 18STE 101 Apple valley CA 92307
 Phone - (866) 342-1062
 Email - info@decswekilldebt.com
 Website - https://decs-wekilldebt.com
 Blog - https://decs-wekilldebt.com/the-risks-of-refusing-credit/