scu frosh asked:


I recently got declined for the reasons below which is from an online letter. what can i do different?

“Your consumer credit bureau score from Trans Union is too low (See below)

Amount of annual income listed on the application is insufficient or missing.

High utilization of credit lines or insufficient utilization information (Trans Union)

Your consumer credit bureau score mentioned above was determined using a scoring system that evaluated the information in your file at the consumer reporting agency named above. The following are the primary factors in your credit report that affected your credit bureau score:

Length of time accounts have been established.

Proportion of loan balances to loan amounts is too high.

Lack of recent revolving account information.

Too few accounts currently paid as agreed. ”

Sources: www.americanexpress.com

Kimberly