Valued Contributor
Posts: 2,532
Registered: ‎09-26-2011

DW's BofA denial...

...letter arrived today.


"we have determined that we are unable to approve your request because you have sufficient balances on your revolving credit lines and you have sufficient credit available."


Which roughly translates to, her util is a bit high...I think. 


I cannot tell you how disappointed we are.  Yes, I'll tell her to call and ask for a recon, but right at the moment, neither one of us can stand the thought of it.



Current Scores: EX 694 (FCR) TU08: 650 Wally. 12/10/14
Last app 05/29/2014.
Being held hostage in the garden until 06 January 2015!
Zero percent financing is where the devil lives...
Posts: 26,609
Registered: ‎09-13-2012

Re: DW's BofA denial...

Ouch! Sounds like util AND dti.

I'm disappointed too! Good luck on the recon!
Moderator Emeritus
Posts: 4,875
Registered: ‎11-02-2010

Re: DW's BofA denial...

Yes, that sounds like a denial due to high util. Bummer... sorry to hear. Of course, she can always try again when her util comes down, as it sounds like that's the only real problem that she needs to address.

Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
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