Denial Response can someone explain are break down

[Anonymous]

Number of inquiries on credit bureau report
Amount of non-mortgage account balances paid down in last 24 monhts
Ration credit union balances to credit limits or original loans amounts
Months since oldest credit card account opened

New to credit and do not understand reason for denial

[Anonymous]

Navy Federal Response 05/19/2016 : Thank you for your message. After a review of your recent credit card application our decision stands. This decision was based on the information obtained from the credit bureau. The reasons given were from Trans Union Credit Reporting Agency. The reasons provided by Trans Union were

Number of inquiries on credit bureau report
Amount of non-mortgage account balances paid down in last 24 monhts
Ration credit union balances to credit limits or original loans amounts
Months since oldest credit card account opened

Do not understand new to credit what does this mean?

[DoroLucky]

---

@Anonymous wrote:

Number of inquiries on credit bureau report -You have too many inquires, could be seen as agressivly seeking credit
Amount of non-mortgage account balances paid down in last 24 monhts -Not sure of this one but I'm guessing you owe too much on some kind of loan
Ration credit union balances to credit limits or original loans amounts -Dont know but I'm guessing you owe too muh on a loan
Months since oldest credit card account opened -New account (s) reporting (maybe)

New to credit and do not understand reason for denial

---

Please see responses above in RED. I'm kinda guessing here but don't worry someone will confirm if I'm wrong or not.

[Anonymous]

Number of inquiries on credit bureau report

This one is easy, they're saying you have too many inquiries on your credit report. Meaning they think you have applied for credit or loans too many times.

Amount of non-mortgage account balances paid down in last 24 monhts

They are saying that the amount you have paid back on a loan bothers them. This could be an auto loan or student loan or some other type of loan that's not a mortgage loan. Lenders usually use this excuse when they think you haven't paid enough on a loan in a certain amount of time (i.e. you haven't paid the loan balance down enough).

Ration credit union balances to credit limits or original loans amounts

This I take to mean that the balances on either a credit union credit card or loan is too high compared to the original limit. (I could be wrong on this one, I'm just guessing).

Months since oldest credit card account opened

They are saying your oldest account on your credit reports is not old enough for their taste.

[DoroLucky]

@JustMe3...I spend wayyyy to much time on MYFICO SMH LOL

[Anonymous]

i want to understand this too as some of those reasons may affect me

[Anonymous]

I only have an auto loan and i never missed a payment i just refi last month tho could that be an issue

[Anonymous]

I only have a secured card and i never go over 10 percent utilization and the limit is only 500... never carry a balance either

[Anonymous]

---

@Anonymous wrote:

I only have an auto loan and i never missed a payment i just refi last month tho could that be an issue

---

Yes that could be it. Is your auto loan through a credit union?

[DoroLucky]

---

@Anonymous wrote:

I only have an auto loan and i never missed a payment i just refi last month tho could that be an issue

---

Now that you say that, I believe it has something to do with the loan amounts being too high. Was it done via a credit union?