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    Adverse Action Notice 3

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    jheautomotive

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    © All Rights Reserved
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    Adverse Action Notice 3

    Uploaded by

    jheautomotive
    12 views2 pages

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    © © All Rights Reserved

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    Copyright:

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    12 views2 pages

    Adverse Action Notice 3

    Uploaded by

    jheautomotive

    Copyright:

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

    2022-10-02

    JOEL ESCALERA

    37819 GRANTHAM ST

    INDIO, CA 92203

    Re: Personal Credit Line Application through Upgrade, Inc

    Dear JOEL ESCALERA

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

    Serious delinquency. Proportion of balances to credit limits on bank/national revolving or other revolving
    accounts is too high. Length of time accounts have been established. Too many inquiries last 12 months
    Recent high utilization of bank-issued credit cards. Recent overlimit. Borrower does not qualify for
    minimum loan amount given application source. High number of recent inquiries
    High number of recent inquiries on alternative credit file. Too many bank accounts on alternative credit
    file. Too many addresses on alternative credit file. Too many cell phone numbers on alternative credit file

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

    TransUnion Consumer Solutions FactorTrust, Inc.

    P.O. Box 2000 Attn: Consumer Inquiries

    Chester, PA 19022-2000 P.O. Box 3653

    (800) 916-8800 Alpharetta, GA 30023

    (844) 773-3321

    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: 545

    Date: 2022-10-02

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

    Key factors that adversely affected your credit score:

    Serious delinquency
    Proportion of balances to credit limits on bank/national revolving or other revolving accounts is too high
    Length of time accounts have been established
    Too many inquiries last 12 months

    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,

    Cross River Bank


    400 Kelby Street
    14th Floor
    Fort Lee, NJ 07024

    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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