@Anonymous wrote:
You're probably denied for Chexsystems which records negative deposit account history.
Agreed - That the denial is likely associated with Chexsystems score. These denials often relate to recent and/or frequent address changes or recent new credit. As asked up thread - where are the OP's scores from?
Pasted below is an excerpt from a non Fico blog that may be of interest to the OP.
As illustrated in the table below, ChexSystems provides certain “cutoff” segments from which banks can choose based on the level of risk they’re willing to tolerate. Each bank can decide for itself which specific segments and scores correspond with account approval and rejection. If a bank wants to tolerate a moderate amount of risk, for instance, it will approve applicants with a ChexSystems score of 545 or higher and either reject or at least consider applicants with a lower score. [from - https://wallethub.com/edu/chexsystems-score/13318/#mehrsa-baradaran]
Risk Level | Cutoff Score* |
Averse | 580 |
Moderate | 545 |
Aggressive | 525 |
*Cutoff scores are effective as of March 1, 2012.
Your ChexSystems score is based on information from the following sources:
- ChexSystems consumer report
- Data from the ChexSystems DebitBureau (a database that includes information gathered from banks and from retailers)
- Consumer credit report from the major credit bureaus
- Payday loan history
- Employment history
- Public records data from LexisNexis (e.g., residential history, bankruptcy filings and criminal history)
...
