Credit denial occurs when a financial institution, such as a bank or credit card company, denies your application for credit or loan due to your creditworthiness. Creditworthiness is determined by your credit score, which is a numerical representation of your credit history, and other factors such as income, employment status, and debt-to-income ratio. If you have been denied credit, there are several steps you can take to understand why and improve your chances of approval in the future.

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