Recently I applied for another credit card because I wanted to transfer a balance because my APR on my other credit card is entirely too high and when I did so I found some interesting things on why I was denied credit. The only thing I’m worried about is a delinquent account.

Serious delinquency.
Length of time accounts have been established.
Time since delinquency is too recent or unknown.
Proportion of revolving balances to revolving credit limits is too high.

Everything else I understand. Most of my credit line was built when I entered college so that means I’ve had credit cards for 2-3 years. I think that’s a good length of time to consider. I’ve had credit cards and I pay them all on time. I also understand the revolving balances being too high. Most of my credit cards are pretty much maxed out and I am working on that. This time next year they will all be clear if I can help it. But this delinquency matter is bothering me. I think it has something to do with a bank account that my father overdrew some time ago. Like in 2005 or early 2006. I’m not sure, I just know that I was still living in the dorms at that time. I really want to take care of that because I don’t like that begin on my history. I’ve been trying to get access to a credit report but unfortunately it’s not working out to my advantage so I don’t know what’s going on. Hopefully I’ll figure this out by the end of the week. This is why knowing what’s on your credit is important. I try to check every 4 months or so.