sorry your application was rejected.

 

Sorry, your application for a credit card was rejected. Sound familiar? Credit card companies are rejecting 18,000 applications every day as they continue to tighten up on risky lending, according to research from MoneyExpert.com.

According to reports, more than 3.24 million card applications have been declined in the past 6 months, even more evidence that Britains love for credit has been ended in fast fashion from lenders.

MoneyExpert has voiced concern that these millions of rejected applicants – more than for any other form of credit – are harming their credit record, and suggests that each potential credit card customer get a free credit report and consider the strength of their credit rating before applying.

Yahoo Reject Microsoft bid

WASHINGTON (AFP) - Internet giant Yahoo’s board has decided to reject Microsoft’s takeover bid, saying its 44.6 billion dollar offer “massively undervalues” Yahoo, the Wall Street Journal reported Saturday Citing an unnamed source familiar with the situation, the Journal said Yahoo’s board also believes the Microsoft offer, at 31 dollars per share, does not account for risks facing Yahoo if it pursues a deal that might be ultimately blocked by government regulators.

“Yahoo’s board believes that Microsoft’s is trying to take advantage of the recent weakness in the company’s share price to ’steal’ the company,” the newspaper said on its website.

“Yahoo’s board appears to be betting that Microsoft doesn’t want to ‘go hostile’ and try to acquire the company against the wishes of management and the board,” it said.

A person familiar with the situation Saturday confirmed to AFP that the Journal report was generally in line with the Yahoo board’s intentions.