Denial Reason - Other was used on Adverse Action

Posted By: Likes to Comply

Denial Reason - Other was used on Adverse Action - 08/20/20 04:04 PM

One of the reasons for denial was noted by the LO as Other- Too much unsecured revolving debt.

Would I just report 3. Credit History; or would I still use code 9 and key in Too much unsecured revolving debt into the text field?
Posted By: hmdagal

Re: Denial Reason - Other was used on Adverse Action - 08/24/20 04:18 PM

If the AAN has the other box checked, and the reason is shown as 'Too much unsecured revolving debt', that's what I would report.
Posted By: Mountaineers_Fan

Re: Denial Reason - Other was used on Adverse Action - 08/25/20 03:58 PM

I'd report exactly what is on the AAN. So if credit history is on there I'd report code 3 and then also code 9 Other along with "too much unsecured debt".