<p>If you&#39;ve had a <a href="https://www.thebalance.com/denied-credit-card-application-960247" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">credit card application denied</a>, it could be a sign that you need credit repair. Credit card companies are required to send you an <a href="https://www.thebalance.com/what-s-an-adverse-action-notice-959985" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="2">adverse action notice</a> letting you know the specific reasons that your credit card application was denied. If you were denied because of information in your credit report, you&#39;re entitled to a free copy of the report.</p><p>Utility services are among the many businesses that use a credit check to decide whether to extend services to you. If you can&#39;t establish electricity or any other service in your name, it&#39;s time to repair your bad credit. Check your credit report to learn what negative items are affecting your credit score.</p><p>When debt collectors start calling you it means your creditors have given up trying to get you to pay your bills. These <a href="https://www.thebalance.com/a-background-on-debt-collection-accounts-960569" data-component="link" data-source="inlineLink" data-type="internalLink" data-ordinal="1">collection accounts</a> most likely appear on your credit report and affect your ability to get approved for credit cards and loans. Credit repair involves paying off these collection accounts or disputing them from your credit report if they don&#39;t belong to you.</p><p>When you need credit repair, you probably won&#39;t get approved for any loans on your own. If you can&#39;t get any of your family and friends to co-sign for you, then you desperately need credit repair. Once you improve your credit, you&#39;ll be able to get loans without having someone sign for you.</p><p>Many employers use your credit report to make hiring and promotion decisions. This is especially true for financial and top executive positions. Putting off credit repair can keep you from getting the jobs you apply for. Not all employers check credit as part of the hiring process. While you work on improving your credit score, consider taking a job that doesn&#39;t do credit checks.</p><p>Landlords check credit too. Bad credit can keep you from getting into a rental property, especially a larger apartment complex. Some landlords may be lenient on one or two late payments, but serious delinquencies will get your application turned down. To save yourself the embarrassment of being denied for an apartment, improve your credit history before you start looking for a new rental.</p><p>&#34;I don&#39;t have time.&#34; &#34;I don&#39;t know how.&#34; Bad credit can lead you to make excuses about checking your credit report when the real reason you don&#39;t check your report is that you&#39;re afraid to see what&#39;s on it. The sooner you check your credit, the sooner you can work toward creating a credit report you&#39;re proud of.</p><p>These days a credit score below 720 is considered sub-prime. If your credit repair is below 650, you definitely need credit repair. If you don&#39;t know your credit score, now&#39;s a great time to check to see where you stand.</p><p>Credit card issuers often raise interest rates as a result of information on your credit report. When you&#39;re late on payments to other creditors or a new collection account appears on your credit report, you might get an interest rate increase letter. Repairing your credit can help ensure you get the best interest rates on your credit cards and loans.</p>Having just one credit card closed by your card issuer might not be a big deal. When several of your credit cards get closed, it&#39;s a sign there&#39;s something wrong with your credit. Calling your credit card company may shed some light on what&#39;s wrong. Chances are you to repair your credit to improve your credit standing.