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#2175337 - 04/26/18 03:19 PM AA Denial Reason for Profit & Loss and Tax Lien?
Lauren Offline
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Joined: Jan 2016
Posts: 6
On an adverse action notice, which one of the below denial reasons would apply to a tax lien shown on a credit report?


___________________Delinquent past or present credit obligations with others
___________________Collection action or judgment
___________________Garnishment or attachment
___________________Other, specify:___________________


On an adverse action notice, which one of the below denial reasons would apply to a profit and loss shown on a credit report?


___________________Delinquent past or present credit obligations with others
___________________Collection action or judgment
___________________Garnishment or attachment
___________________Other, specify:___________________

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General Discussion
#2175341 - 04/26/18 03:23 PM Re: AA Denial Reason for Profit & Loss and Tax Lien? Lauren
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
Other........but I have no idea what a "profit and loss" might be.
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#2175375 - 04/26/18 04:59 PM Re: AA Denial Reason for Profit & Loss and Tax Lien? rlcarey
RR Becca Offline
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RR Becca
Joined: Sep 2004
Posts: 5,249
out of the frying pan...
Originally Posted By rlcarey
I have no idea what a "profit and loss" might be.


If I remember right that's the verbiage Equifax uses for charge-offs on credit cards.
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#2175392 - 04/26/18 05:40 PM Re: AA Denial Reason for Profit & Loss and Tax Lien? Lauren
ComplyWithMeeee Offline
Junior Member
Joined: Jul 2016
Posts: 30
IMO, if the tax lien appears on their credit report under the judgment/public records section you would use 'collection action or judgement'. For the 'profit and loss' you would use "delinquent past/present obligations with others".

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