If you are denied credit, you can take a few steps, including: Improve your credit and reapply. Call the card issuer’s reconsideration line. Try for a different credit card.

Getting rejected for a loan or credit card doesn’t impact your credit scores. However, creditors may review your credit report when you apply, and the resulting hard inquiry could hurt your scores a little. Learn how to wisely manage your next application and avoid unnecessary hard inquiries.

If you are denied credit, the Equal Credit Opportunity Act requires that the creditor gives you a notice that tells you the specific reasons your application was rejected or the fact that you have the right to learn the reasons if you ask within 60 days.

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 571 FICO® Score is significantly below the average credit score.

Since there are 12 months in a year, you can estimate the average monthly earnings from your $120,000 salary as $10,000.00 per month.

$120,000 a year is what per hour? It depends on how many hours you work, but assuming a 40 hour work week, and working 50 weeks a year, then a $120,000 yearly salary is about $60.00 per hour.

A person who makes $50,000 a year might afford a house worth anywhere from $180,000 to nearly $300,000. That’s because salary isn’t the only thing that determines your home buying budget. You also have to factor in credit score, current debts, mortgage rates, and many other factors.

A $50,000 household income for a family of four is absolutely middle class in Des Moines, Iowa but is closer to poverty in New York City. Statisticians say middle class is a household income between $25,000 and $100,000 a year. Anything above $100,000 is deemed “upper middle class”.