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    Notice

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    lwalker1545
    The applicant, Adria Capuano, was denied a loan from Apple Bank. The bank was unable to verify the information provided in the application. The notice includes the applicant's credit scores from three credit reporting agencies (TransUnion, VantageScore, and Equifax), which range from 658 to 703. Key factors negatively affecting the scores are a high balance to credit limit ratio, a short credit history length, and many recent inquiries. Contact information is provided for the credit reporting agencies and Apple Bank.

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    Notice

    Uploaded by

    lwalker1545
    85 views3 pages
    The applicant, Adria Capuano, was denied a loan from Apple Bank. The bank was unable to verify the information provided in the application. The notice includes the applicant's credit scores from three credit reporting agencies (TransUnion, VantageScore, and Equifax), which range from 658 to 703. Key factors negatively affecting the scores are a high balance to credit limit ratio, a short credit history length, and many recent inquiries. Contact information is provided for the credit reporting agencies and Apple Bank.

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    The applicant, Adria Capuano, was denied a loan from Apple Bank. The bank was unable to verify the information provided in the application. The notice includes the applicant's credit scores from three credit reporting agencies (TransUnion, VantageScore, and Equifax), which range from 658 to 703. Key factors negatively affecting the scores are a high balance to credit limit ratio, a short credit history length, and many recent inquiries. Contact information is provided for the credit reporting agencies and Apple Bank.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    85 views3 pages

    Notice

    Uploaded by

    lwalker1545
    The applicant, Adria Capuano, was denied a loan from Apple Bank. The bank was unable to verify the information provided in the application. The notice includes the applicant's credit scores from three credit reporting agencies (TransUnion, VantageScore, and Equifax), which range from 658 to 703. Key factors negatively affecting the scores are a high balance to credit limit ratio, a short credit history length, and many recent inquiries. Contact information is provided for the credit reporting agencies and Apple Bank.

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    Adria Capuano

    1533 5th Avenue Apt. 1, Troy, New York 12180


    Jul 25, 2022

    Adria Capuano,
    After carefully reviewing your application for a loan from Apple Bank, we are
    unable to offer you credit on the terms you requested for the reasons set out
    below.

    Reasons for Our Denial of Your Request for Loan:


    We were unable to verify the information you provided on your application.

    Disclosure of Use of Information Obtained From an Outside Source

    If we obtained information from a consumer reporting agency as part of our


    consideration of your application, its name, address and toll-free telephone
    number are listed below. You have a right under the Fair Credit Reporting Act to
    know the information contained in your credit file at the consumer reporting
    agency. The reporting agency played no part in our decision and is unable to
    supply specific reasons why we have denied credit to you. 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 obtained your credit score from the consumer reporting agencies listed
    below 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.

    Name: TransUnion
    Address: P.O. Box 2000, Chester, PA 19016

    Telephone number: 1-800-916-8800

    Your credit score: 703


    Date: 2022-07-25

    Scores range from a low of 300 to a high of 850. Key factors that adversely
    affected your credit score are:

    Proportion of balances to credit limits is too high on bank revolving or other revolving
    accounts
    Proportion of loan balances to loan amounts is too high
    Length of time revolving accounts have been established
    Time since most recent account opening is too short
    Too many inquiries last 12 months

    Your VantageScore 3.0 credit score: 658


    Date: 2022-07-25

    Scores range from a low of 300 to a high of 850. Key factors that adversely
    affected your credit score are:

    The date that you opened your oldest account is too recent
    Total of all balances on bankcard or revolving accounts is too high
    The total of all balances on your open accounts is too high
    Lack of sufficient relevant real estate account information
    You have too many inquiries on your credit report

    Name: Equifax
    Address: P.O. Box 740256 Atlanta, GA 30374-0256

    Telephone number: 1-800-685-1111

    Your credit score: 666


    Date: 2022-07-25

    Scores range from a low of 300 to a high of 850. Key factors that adversely
    affected your credit score are:

    Lack of sufficient relevant real estate account information


    Total of all balances on bankcard or revolving accounts is too high
    Balances on bankcard or revolving accounts too high compared to credit limits
    Available credit on your open bankcard or revolving accounts is too low
    You have too many inquiries on your credit report

    If you have any questions regarding your credit score, you should contact the
    appropriate credit reporting agency at the address or telephone number above.
    If you have any questions regarding this notice, please contact us at the
    following address:

    Apple Bank powered by Upstart


    (866) 661-3472
    P.O. Box 1503
    San Carlos, CA 94070
    Sincerely,
    Apple Bank for Savings
    New York, NY

    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 our compliance with this law is the
    Bureau of Consumer Financial Protection, 1700 G Street NW., Washington, DC
    20006

    Ohio Residents: The Ohio laws against discrimination require that all creditors
    make credit equally available to all credit worthy 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.

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