Decipher Denied Reasons for Credit Request?
Your credit history is too short. Neither of you have enough good trade lines. What history you do have has derogatory items. Are you carrying a balance of more than 30% of your limit on that credit card? You need to pay that off. Use the card and pay it in full every month. That will help. Credit card companies are getting very strict. You have to have decent credit history to open new accounts. Many are actually encouraging people to pay off and close accounts thru higher interest rates and lowering limits. They need to clear the high risk accounts off their books.
