Reason for denial

Posted By: Dodge

Reason for denial - 01/02/13 05:49 PM

A customer applies for a unsecured loan and has a decent credit score; however, the credit score does not meet the banks required credit score of a unsecured loan. What reason would you enter if a customer doesn't meet the bank's policy for a loan?
Posted By: swiggles

Re: Reason for denial - 01/02/13 06:40 PM

You would look at the factors (on the credit report) that cause the credit score to be what it is and then choose Reg B denial reasons that mirror what those factors indicate.