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    Adverse Action Notice

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    Lourdes Castle
    Lourdes Perez-Castillo's loan application through Upgrade, Inc. was denied by WebBank. The letter cites several reasons for denial including a serious delinquency, proportion of balances to credit limits being too high, too many existing accounts with balances, and a credit score of 585 which is considered low. The letter provides contact information for the credit reporting agencies that influenced the decision and informs Ms. Perez-Castillo of her rights under fair credit reporting laws.

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    Adverse Action Notice

    Uploaded by

    Lourdes Castle
    105 views2 pages
    Lourdes Perez-Castillo's loan application through Upgrade, Inc. was denied by WebBank. The letter cites several reasons for denial including a serious delinquency, proportion of balances to credit limits being too high, too many existing accounts with balances, and a credit score of 585 which is considered low. The letter provides contact information for the credit reporting agencies that influenced the decision and informs Ms. Perez-Castillo of her rights under fair credit reporting laws.

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    Lourdes Perez-Castillo's loan application through Upgrade, Inc. was denied by WebBank. The letter cites several reasons for denial including a serious delinquency, proportion of balances to credit limits being too high, too many existing accounts with balances, and a credit score of 585 which is considered low. The letter provides contact information for the credit reporting agencies that influenced the decision and informs Ms. Perez-Castillo of her rights under fair credit reporting laws.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    105 views2 pages

    Adverse Action Notice

    Uploaded by

    Lourdes Castle
    Lourdes Perez-Castillo's loan application through Upgrade, Inc. was denied by WebBank. The letter cites several reasons for denial including a serious delinquency, proportion of balances to credit limits being too high, too many existing accounts with balances, and a credit score of 585 which is considered low. The letter provides contact information for the credit reporting agencies that influenced the decision and informs Ms. Perez-Castillo of her rights under fair credit reporting laws.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    2019-12-18

    Lourdes Perez-Castillo

    6959 North Waterway Drive

    Miami, FL 33155

    Re: Loan Application through Upgrade, Inc

    Dear Lourdes Perez-Castillo

    Thank you for your recent application for a loan from WebBank through Upgrade, Inc. Your request for a loan was carefully considered,
    and we regret that we are unable to approve your application at this time, for the following reason(s):

    Serious delinquency, and public record or collection filled. Proportion of balances to credit limits on bank/national revolving or
    other revolving accounts is too high. Proportion of loan balances to loan amounts is too high. Too many accounts with balances
    Income or credit history insufficient for loan
    Ratio of current balances to credit limit on non-mortgage accounts is too high. Non-medical collection accounts. Recent
    increase in utilization of credit cards. Recent overlimit

    The consumer reporting agency contacted that provided information that influenced our decision in whole or in part was:

    TransUnion Consumer Solutions SageStream, LLC LexisNexis Risk Solutions Bureau LLC

    P.O. Box 2000 PO Box 503793 RiskView Consumer Inquiry Department

    Chester, PA 19022-2000 San Diego, CA 92150-3793 P.O. Box 105108

    (800) 916-8800 (888) 395-0277 Atlanta, GA 30348-5108

    www.sagestreamllc.com (866) 897-8126

    The reporting agency played no part in our decision and is unable to supply specific reasons why we have denied credit to you. You have
    a right under the Fair Credit Reporting Act to know the information contained in your credit file at the consumer reporting agency. You
    also have a right to a free copy of your report from the reporting agency, if you request it no later than 60 days after you receive this
    notice. In addition, if you find that any information contained in the report you received is inaccurate or incomplete, you have the right to
    dispute the matter with the reporting agency. Any questions regarding such information should be directed to TransUnion Consumer
    Solutions. If you have any questions regarding this letter, you should contact us at Upgrade, Inc, 275 Battery Street, 23rd Floor San
    Francisco, CA 94111 (855) 997-3100.

    We also obtained your credit score from this consumer reporting agency and used it in making our credit decision. Your credit score is a
    number that reflects the information in your consumer report. Your credit score can change, depending on how the information in your
    consumer report changes.

    Your credit score: 585

    Date: 2019-12-18

    Scores range from a low of 300 to a high of 850.

    Key factors that adversely affected your credit score:

    Serious delinquency, and public record or collection filled


    Proportion of balances to credit limits on bank/national revolving or other revolving accounts is too high
    Proportion of loan balances to loan amounts is too high
    Too many accounts with balances

    If you have any questions regarding your credit score, you should contact TransUnion Consumer Solutions at:

    P.O. Box 2000

    Chester, PA 19022-2000

    (800) 916-8800

    Sincerely,
    WebBank

    NOTICE

    The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color,
    religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or
    part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right
    under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is
    FDIC, Consumer Response Center, 1100 Walnut St., Box #11, Kansas City, MO 64106.

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