<prompt> Human: I recently applied for a store credit card and I got declined. They sent me a letter explaining why I got declined. The reasons were:-Too few accounts currently paid as agreed-Accounts in collection or 60 days past due or adverse public records-Average ratio of revolving balances to credit limits is too high -High ratio accounts 30 days past due to accounts opened 3 months agoI have 2 credit cards and a car loan right now. Ive never missed a payment and usually pay more than the minimum balance. I had about 500 in collections which I settled a couple years ago and my credit report on Credit Karma says that they are closed accounts. Can somebody please explain to me what these reasons mean? Am I missing something?Thanks!  <response>: A lot of red flags: you have accounts in collections, you likely carry a balance and youve been seeking credit. Banks see you as someone whos strapped for cash and cant pay back. Keep your cards at 0 and wait until the derogatory marks lose effect eventually, usually after seven years, they will fall off. 