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    Adverse Action Notice

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    passmein
    Deborah Martin's loan application through Upgrade, Inc. was denied by their lending partners, Cross River Bank and Blue Ridge Bank. Her income or credit history was insufficient for the loan. TransUnion Consumer Solutions provided information that influenced the lending decision. The letter lists factors negatively impacting her credit score of 538, such as delinquencies and too few accounts paid as agreed. She is informed of her rights to access her credit report and dispute inaccuracies.

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    Adverse Action Notice

    Uploaded by

    passmein
    52 views2 pages
    Deborah Martin's loan application through Upgrade, Inc. was denied by their lending partners, Cross River Bank and Blue Ridge Bank. Her income or credit history was insufficient for the loan. TransUnion Consumer Solutions provided information that influenced the lending decision. The letter lists factors negatively impacting her credit score of 538, such as delinquencies and too few accounts paid as agreed. She is informed of her rights to access her credit report and dispute inaccuracies.

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    Adverse Action Notice

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    Deborah Martin's loan application through Upgrade, Inc. was denied by their lending partners, Cross River Bank and Blue Ridge Bank. Her income or credit history was insufficient for the loan. TransUnion Consumer Solutions provided information that influenced the lending decision. The letter lists factors negatively impacting her credit score of 538, such as delinquencies and too few accounts paid as agreed. She is informed of her rights to access her credit report and dispute inaccuracies.

    Copyright:

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

    Adverse Action Notice

    Uploaded by

    passmein
    Deborah Martin's loan application through Upgrade, Inc. was denied by their lending partners, Cross River Bank and Blue Ridge Bank. Her income or credit history was insufficient for the loan. TransUnion Consumer Solutions provided information that influenced the lending decision. The letter lists factors negatively impacting her credit score of 538, such as delinquencies and too few accounts paid as agreed. She is informed of her rights to access her credit report and dispute inaccuracies.

    Copyright:

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

    2021-06-02

    Deborah Martin

    6861 Hughes-Smith Road Northwest

    Ash, NC 28420

    Re: Loan Application

    Dear Deborah Martin

    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 lending partners: Cross River Bank (400
    Kelby Street, 14th Floor, 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 lending 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


    Insufficient number of open accounts
    Time since oldest account opened is too recent. No bankcard accounts with a valid credit amount. No
    revolving accounts with a valid credit amount. No accounts with valid credit amount
    Serious delinquency, and public record or collection filled. Too few accounts currently paid as agreed.
    Too many accounts with balances. Lack of recent revolving account information

    The consumer reporting agency contacted that provided information that influenced our lending partners' credit
    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 lending 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 (855) 997-3100.

    Our lending 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: 538

    Date: 2021-06-02

    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 few accounts currently paid as agreed
    Too many accounts with balances
    Lack of recent revolving account information

    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

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

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