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    Adverse Action Notice 3

    Uploaded by

    Darlene Sheets
    Paul Sheets' loan application through Upgrade, Inc. was denied by Blue Ridge Bank. The bank cited insufficient income or credit history and that the requested loan amount was not supported by Paul's income as reasons for denial. The bank obtained Paul's credit report and score of 717 from TransUnion and this influenced their decision. Factors negatively impacting Paul's score included delinquencies, collections, too many accounts with balances, and high loan balances compared to loan amounts.

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    Adverse Action Notice 3

    Uploaded by

    Darlene Sheets
    32 views2 pages
    Paul Sheets' loan application through Upgrade, Inc. was denied by Blue Ridge Bank. The bank cited insufficient income or credit history and that the requested loan amount was not supported by Paul's income as reasons for denial. The bank obtained Paul's credit report and score of 717 from TransUnion and this influenced their decision. Factors negatively impacting Paul's score included delinquencies, collections, too many accounts with balances, and high loan balances compared to loan amounts.

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    Paul Sheets' loan application through Upgrade, Inc. was denied by Blue Ridge Bank. The bank cited insufficient income or credit history and that the requested loan amount was not supported by Paul's income as reasons for denial. The bank obtained Paul's credit report and score of 717 from TransUnion and this influenced their decision. Factors negatively impacting Paul's score included delinquencies, collections, too many accounts with balances, and high loan balances compared to loan amounts.

    Copyright:

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

    Adverse Action Notice 3

    Uploaded by

    Darlene Sheets
    Paul Sheets' loan application through Upgrade, Inc. was denied by Blue Ridge Bank. The bank cited insufficient income or credit history and that the requested loan amount was not supported by Paul's income as reasons for denial. The bank obtained Paul's credit report and score of 717 from TransUnion and this influenced their decision. Factors negatively impacting Paul's score included delinquencies, collections, too many accounts with balances, and high loan balances compared to loan amounts.

    Copyright:

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

    2020-09-02

    Paul Sheets

    2051 WARNERS RD

    WARNERS, NY 13164

    Re: Loan Application through Upgrade, Inc

    Dear Paul Sheets

    Thank you for your recent application for a loan from Blue Ridge Bank, N.A. 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):

    Income or credit history insufficient for loan


    Requested amount unsupported by income

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

    TransUnion Consumer Solutions SageStream, LLC

    P.O. Box 2000 PO Box 503793

    Chester, PA 19022-2000 San Diego, CA 92150-3793

    (800) 916-8800 (888) 395-0277

    www.sagestreamllc.com

    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: 717

    Date: 2020-09-02

    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


    Too many accounts with balances
    Length of time revolving accounts have been established
    Proportion of loan balances to loan amounts is too high

    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,

    Blue Ridge Bank, N.A.


    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, 1301 McKinney Street, Suite 3450, Houston, TX
    77010-9050.

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