2023-07-15
Michael Bean
1635 Lizard Creek Road
Shawsville, VA 24162
Re: Personal Credit Line Application through Upgrade, Inc
Dear Michael Bean
Thank you for your recent application for a Personal Credit Line from Cross River Bank through Upgrade, Inc.
Your request was carefully considered, and we regret that we are unable to approve your application at this
time, for the following reason(s):
Serious delinquency, and public record or collection filed. Proportion of balances to credit limits on
bank/national revolving or other revolving accounts is too high. Length of time revolving accounts have
been established. Too many accounts with balances
Borrower does not qualify for minimum loan amount given application source. Recent overlimit.
Insufficient use of accounts. Proportion of total installment balances to total balances on all accounts is too
high
Insufficient number of payments on accounts. Insufficient length of time since most recent revolving
account delinquency. Ratio of bank-issued credit lines to total revolving lines is too low. Recent overlimit on
a bank-issued credit card
The consumer reporting agency contacted that provided information that influenced our decision in whole or in
part was:
TransUnion Consumer Solutions
P.O. Box 2000
Chester, PA 19022-2000
(800) 916-8800
The reporting agency played no part in our decision and is unable to supply specific reasons why we have
denied credit to you. You have a right under the Fair Credit Reporting Act to know the information contained in
your credit file at the consumer reporting agency. You also have a right to a free copy of your report from the
reporting agency, if you request it no later than 60 days after you receive this notice. In addition, if you find that
any information contained in the report you received is inaccurate or incomplete, you have the right to dispute
the matter with the reporting agency. Any questions regarding such information should be directed to
TransUnion Consumer Solutions. If you have any questions regarding this letter, you should contact us at
Upgrade, Inc, 2 N. Central Ave. 10th Floor Phoenix, AZ 85004 (844) 742-3468.
We also obtained your credit score from this consumer reporting agency and used it in making our credit
decision. Your credit score is a number that reflects the information in your consumer report. Your credit score
can change, depending on how the information in your consumer report changes.
Your credit score: 544
Date: 2023-07-15
Scores range from a low of 300 to a high of 850.
Key factors that adversely affected your credit score:
Serious delinquency, and public record or collection filed
Proportion of balances to credit limits on bank/national revolving or other revolving accounts is too high
Length of time revolving accounts have been established
Too many accounts with balances
In addition to the factors listed above, the number of inquiries on the consumer's credit file has adversely
affected the credit score.
If you have any questions regarding your credit score, you should contact TransUnion Consumer Solutions at:
P.O. Box 2000
REPORT FOOTER 1/2
Chester, PA 19022-2000
(800) 916-8800
Sincerely,
Cross River Bank
2115 Linwood Ave
Fort Lee, NJ 07024
NOTICE
The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the
basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to
enter into a binding contract); because all or part of the applicant’s income derives from any public assistance
program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection
Act. The Federal agency that administers compliance with this law concerning this creditor is Division of
Depositor and Consumer Protection, National Center for Consumer and Depositor Assistance, Federal Deposit
Insurance Corporation, 1100 Walnut Street, Box #11, Kansas City, MO 64106.
REPORT FOOTER 2/2
