First Tech Personal Loan denied

[843dk5u39mcf]

Hard pulled Experian 740 F9

Denied for BK and too many inquiries (5 last 12 months).

4/24, 2/12 new accounts.

39K cash in the account.

Automatic decline.

On second review, Underwriter stated they were keeping the original decision. And don't look at banking relationship, decision purely credit based.

[GZG]

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@843dk5u39mcf wrote:

Hard pulled Experian 740 F9

Denied for BK and too many inquiries (5 last 12 months).

4/24, 2/12 new accounts.

39K cash in the account.

Automatic decline.

On second review, Underwriter stated they were keeping the original decision. And don't look at banking relationship, decision purely credit based.

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sorry about the denial, shame they don't consider banking relationship, not very tech of them IMO

[CreditCuriosity]

Sorry for denial but I guess asking a question if 39k in cash in account why did you need a personal loan and what amount were you asking for?  Likely the BK was your biggest hindering poimt on that being approved.

[TrapLine]

Going back several years, I considered trying to become a member. There was much discussion on this site about First Tech.

End result was, they were strict and picky. Do not remember the reasons. Does seem like I recall too many new credit bureau inquiries was one of them. I did not apply.

[Realist]

Good luck on your next attempt to secure a loan.

[Pppoolboy]

First Tech is terrible.  Not only are they "picky," as you point out, they don't follow through with their word.  They offered $300 for a direct deposit so I moved a DD to them, hit the account with $500 and they never paid out.  I then closed all my accounts.