 TITLE: Does a Declined Loan Appear on Your Credit Report? CONTENT: How to Improve Your Credit Before Applying for New Loans\n--------------------------------------------------------\nIf your loan application was denied because of poor credit, then you should consider some of the many ways to improve your credit before you reapply. Keep in mind that there are many paths to a higher credit score, so your credit improvement strategy is going to be unique to your situation. There is, however, some general advice that does apply to everyone.\nThe most important thing you can do is avoid negative information from being reported on your credit reports by making all of your scheduled payments on time as agreed. If you are having financial trouble and worry you may miss a payment, reach out to your lender as soon as possible to see if they can offer any relief options that can help you avoid credit harm.\nIf excessive credit card debt is contributing to your lower scores, then your strategy should be to begin aggressively paying it down. This might mean forgoing purchases and redirecting the money toward paying off your debt or looking for ways to increase your income. The amount you owe (as well as your credit utilization) is a very important factor in both FICO® and VantageScore models, and reducing your debt balances can help you make progress toward higher scores. END