Myth 4 – Once rejected – always rejected
There are as many criteria as there are lenders. If you've been rejected once or even more times, it does not mean you'll be rejected by others. If you've been turned down, it might somehow affect your chances a bit. Nevertheless, the situation is not totally hopeless. Do not let your lender feel or see that you are desperate. All your lender sees is your record and your record does not show how many times you have been rejected. It only shows how many times you have applied for credits. Some might ignore it, and some landers will think that the bet is too risky. Do not worry, anyways. Cards as well as providers follow various criteria for acceptance. Luckily, you can minimize your rejection rate. You can improve your chances of being accepted, too! Before applying for a credit, check the given card and see how likely you are to be accepted.