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    Adverse Action Notice

    Uploaded by

    jdhvans

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    © All Rights Reserved
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    Adverse Action Notice

    Uploaded by

    jdhvans
    13 views2 pages

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    © © All Rights Reserved

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    13 views2 pages

    Adverse Action Notice

    Uploaded by

    jdhvans

    Copyright:

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

    2023-06-18

    Justin Henson

    4345 Lanark Ave

    Northport , FL 34286

    Re: Loan Application

    Dear Justin Henson

    Thank you for your recent application for a loan through Upgrade, Inc. (DBAs include Universal Credit and the
    names www.upgrade.com/landing/dba) (“Upgrade”) from Upgrade’s bank partners: Cross River Bank (2115
    Linwood Ave, Fort Lee, NJ 07024) and Blue Ridge Bank (17 West Main Street, Luray, VA 22835). Your request for
    a loan was carefully and jointly considered by our bank partners, and we regret that they are unable to approve
    your application at this time, for the following reason(s):

    Income or credit history insufficient for loan


    Requested amount unsupported by income
    High requested loan amount in relation to income. Recent overlimit. Borrower does not qualify for
    minimum loan amount given application source. Insufficient amount of credit available on bank-issued
    credit cards

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

    TransUnion Consumer Solutions SageStream, LLC FactorTrust, Inc.

    P.O. Box 2000 PO Box 503793 Attn: Consumer Inquiries

    Chester, PA 19022-2000 San Diego, CA 92150-3793 P.O. Box 3653

    (800) 916-8800 (888) 395-0277 Alpharetta, GA 30023

    www.sagestreamllc.com (844) 773-3321

    The reporting agency played no part in our bank partners' credit decision and is unable to supply specific
    reasons why they 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 (844) 319-3909.

    Our bank partners also obtained your credit score from TransUnion Consumer Solutions and used it in making
    their 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: 671

    Date: 2023-06-18

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

    Key factors that adversely affected your credit score:

    Derogatory public record or collection filed


    Length of time accounts have been established
    Too many accounts with balances
    Proportion of balances to credit limits on bank/national revolving or other revolving accounts is too high

    In addition to the factors listed above, the number of inquiries on the consumer's credit file has adversely
    affected the credit score.

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

    P.O. Box 2000

    REPORT FOOTER 1/2


    Chester, PA 19022-2000

    (800) 916-8800

    Sincerely,

    Upgrade, Inc

    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 Office of the
    Comptroller of the Currency, Customer Assistance Group, P. O. Box 53570 Houston, TX 77052.

    REPORT FOOTER 2/2

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