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DW's BofA denial...

Senior Contributor

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.



Gardening 18 Apr 2018-01 Nov 2018. Race me for the Gold!
Zero percent financing is where the devil lives...
10/01/17 Fico8 scores: EX 660, EQ 647, TU 663
01/01/18 Fico8 scores: EX 655, EQ 661, TU 650
04/01/18 Fico8 scores: EX 637, EQ 630, TU 644 ow!
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Moderator Emerita

Re: DW's BofA denial...

Ouch! Sounds like util AND dti.

I'm disappointed too! Good luck on the recon!
Message 2 of 3
Moderator Emeritus

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)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
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