Denial Response can someone explain are break down

[Anonymous]

Too many inquiries.  Seeking credit.

Could be installment loans?  Wanting to see more % paid off.

Amount owed on CU's is high to limits.

Too many new accounts or just the oppposite, not enough.  But since they have already said you have too many inquries, I would say not enough time has passed since you opened you last account.

[Anonymous]

care to share which lender gave you these denial reasons? 

[DoroLucky]

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@Anonymous wrote:

care to share which lender gave you these denial reasons? 

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I'm guessing CAP ONE lol 

[Anonymous]

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@DoroLucky wrote:

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@Anonymous wrote:

care to share which lender gave you these denial reasons? 

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I'm guessing CAP ONE lol 

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I'm guessing a credit union?

[Anonymous]

Heck, any of them can you give a good list if they want to.  I've been there.  Even with no baddies, higher score, low UT, no new accts or inqs and they will still find something if they don't want to approve you.  

[creditguy]

Others did a very good job of breaking down the denial explanations, but keep in mind that sometimes banks throw out a laundry list of generic denial reasons and it could be one of those reasons or all of them. Sometimes you will never know exactly why you were rejected because of the generic reasons. The best thing to do is search what the particular lender looks for when approving and work on any issues you may have before reapplying. 

[Anonymous]

They may as well just send a letter stating, "sorry it's not you its me".

[DoroLucky]

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@Anonymous wrote:
They may as well just send a letter stating, "sorry it's not you its me"

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FUNNY

[Anonymous]

navy federal

[Anonymous]

navy federal credit union