no credit/excess credit

Discussion in 'Credit Talk' started by tony, Feb 13, 2001.

  1. tony

    tony Guest

    that was on my denial from household?
    insufficient credit experience
    insufficient credit history
    excessive credit obligations

    how does insufficient and excessive go to gether?? doesnt make sense.

    i dont have ant credit history so how can i have excessive credit obligations??
  2. tony

    tony Guest

  3. Erik

    Erik Well-Known Member

    I think they order the reasons from most severe to least severe. You're right the last reason they gave you doesn't seem to make any sense. I don't think that is terribly unusual though for the lowest reasons...
  4. John Shimm

    John Shimm Guest

    Real easy:

    Person has one trade line - a single credit card with, say, a $15,000 credit line, that's been open for 6 months and has a $14,500 balance on it.

    that's "insufficient credit experience,
    insufficient credit history, and excessive credit obligations"

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