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    Adverse Action Notice

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    brown
    Marc Snyder's application for credit was denied by Coastal Community Bank due to the lien status of the collateral not meeting underwriting standards. The bank obtained Snyder's credit score of 803 from Experian and key factors negatively affecting the score included a high proportion of balances to loan amounts and too many inquiries in the last 12 months. Snyder has rights under the Fair Credit Reporting Act to access his credit report and dispute any inaccurate information.

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    Adverse Action Notice

    Uploaded by

    brown
    106 views2 pages
    Marc Snyder's application for credit was denied by Coastal Community Bank due to the lien status of the collateral not meeting underwriting standards. The bank obtained Snyder's credit score of 803 from Experian and key factors negatively affecting the score included a high proportion of balances to loan amounts and too many inquiries in the last 12 months. Snyder has rights under the Fair Credit Reporting Act to access his credit report and dispute any inaccurate information.

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    AdverseActionNotice

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    Marc Snyder's application for credit was denied by Coastal Community Bank due to the lien status of the collateral not meeting underwriting standards. The bank obtained Snyder's credit score of 803 from Experian and key factors negatively affecting the score included a high proportion of balances to loan amounts and too many inquiries in the last 12 months. Snyder has rights under the Fair Credit Reporting Act to access his credit report and dispute any inaccurate information.

    Copyright:

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

    Adverse Action Notice

    Uploaded by

    brown
    Marc Snyder's application for credit was denied by Coastal Community Bank due to the lien status of the collateral not meeting underwriting standards. The bank obtained Snyder's credit score of 803 from Experian and key factors negatively affecting the score included a high proportion of balances to loan amounts and too many inquiries in the last 12 months. Snyder has rights under the Fair Credit Reporting Act to access his credit report and dispute any inaccurate information.

    Copyright:

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

    Coastal Community Bank

    ℅ Aven Financial, Inc.


    330 Primrose Road, Suite 412
    Burlingame, CA 94010

    Date: July 26th, 2022 EST

    Applicant's Name: Marc Snyder


    Cell Phone Number: 4248664174
    Property Address: 516 CRYSTAL HILLS BLVD, MANITOU SPRINGS, EL PASO COUNTY, CO 80829

    Dear Marc Snyder:


    Thank you for your recent application. We were not able to approve your request at this time for the
    following reason(s):

    Lien status of collateral does not meet underwriting standards

    Our credit decision was based in whole or in part on information from the following consumer
    reporting agency: Experian, P.O. Box 4500, Allen, TX 75013, 1.866.200.6020. 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 receive is inaccurate or
    incomplete, you have the right to dispute the matter with the reporting agency.

    We also obtained your credit score from the 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: 803


    Date: July 26th, 2022
    Scores range from a low of 300 to a high of 850.
    Key factors that adversely affected your credit score:
    1. Proportion of loan balances to loan amounts is too high
    2. Ratio of balance to limit on bank revolving or other rev accts too high
    3. Amount owed on revolving accounts is too high
    4. Too many accounts with balances
    5. Too many inquiries last 12 months

    Rev: 1 @
    1
    9c2c5d27325c8bfc25e1f33a41c2c131e32c6b04
    6.
    7.
    8. Too high proportion of balances from open revolving accounts
    9. You have too many inquiries on your credit report.

    If you have any questions regarding your credit score, you should contact Experian at:
    Address: P.O. Box 4500, Allen, TX 75013
    Toll-free Telephone number: 1.866.200.6020

    If you have any questions regarding this letter, you should contact us at Coastal Community Bank,
    c/o Aven Financial, Inc., 330 Primrose Road Suite 412 Burlingame, CA 94010, 1.888.966.4655.

    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 the
    Federal Reserve Consumer Help Center, PO Box 1200, Minneapolis, MN 55480.

    For Ohio residents: The Ohio laws against discrimination require that all creditors make credit
    equally available to all creditworthy customers and that credit reporting agencies maintain separate
    credit histories on each individual upon request. The Ohio Civil Rights Commission administers
    compliance with this law.

    Rev: 1 @
    2
    9c2c5d27325c8bfc25e1f33a41c2c131e32c6b04

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