Was offered a guaranteed VISA with 4.99% APR over Prime, 0% till June and no fee for transferred balances. Mailed in the reply envelope and received a notice of denial from them because my "ratio of debt to reported income" was to great to at this time?
If they looked at my credit report to offer me the card then why deny it after I replied? I sent back a thank you card with an explanation of how with the card I could have reduced my debt by $6000 by payments of $500 a month (my current payment to a card with a min. balance of $134) and lowered my "Debt versus income ratio" to whatever they thought it should be.
Sean
Phoenix, Arizona
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