What Is The Ge Money Nz(One Card Visa, Gem Visa) Lending Criteria?

[applefreak]

I have no bad credit history and excellent credit score. But my application get declined all the times. Same with my friends. Every time the lending team give a same stupid excuse to everyone. Lending Criteria Not Met. Daaaaaaa

[factor-fiction]

Have you tried anywhere else? There doesn't seem much point in making repeated applications to the same lender

[VHG]

As this is their first post I wonder if we may see an "advert" for a lender appear soon?

[boxtops]

Is NZ, New Zealand? If so, I couldn't say - this is a UK site.

[applefreak]

Yes it is from New Zealand. The reason I'm trying for this because they provide big limit card with 6 month interest free option.

[spudqueen]

But as has already been stated this site is based in the UK (hence the .co.uk bit of the website address), so to be honest I would imagine that you're betting off trying to find a New Zealand based website to ask this question on.

[boxtops]

That's what I meant, spudqueen - we do have a few members in Oz and NZ, but the majority of us are in the northern hemisphere. We wouldn't know.

[Buenchico]

There are two main reasons why people with good credit histories/scores get turned down (all over the world):

1. Too many existing cards:
For example, you might have several cards already, with not a single dollar owing on any of them, but with a total of (say) 20,000 NZD credit available. A potential new lender has no way of knowing whether or not you're going to 'max out' all of those existing cards the very next day after they give you a new card, so (to be on the safe side) they treat your application as if you've already got 20,000 NZD of debt.

2. Insufficient income:
It doesn't matter how good your credit score is, if you only earn 50,000 NZD a year, you're not going to get a million NZD of credit. (Remember that it's not the amount of credit that you're currently seeking that's important; it's the TOTAL credit available to you on ALL of your cards that matters, as above).

Chris