Jump to content

Simple.com Bank app Declined--What do these reasons mean?


jhall1255
 Share

The last post in this topic was posted 3045 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Recommended Posts

Hi I just applied for the bank Simple.com online and was declined.

 

The Reasons from chexsystems were as followed:

 

Credit Score: 0532 Score Date: 7/30/2014 5:25:52 PM

The key factors that adversely affected your score are as follows:

ASSET OWNERSHIP HISTORY
CURRENT ADDRESS CHANGE HISTORY
DDA CLOSURE PAYMENT HISTORY
DDA CLOSURE(S)
1 previous inquiries by 1 Fl(s)

 

My credit score has never been this low before and I just had a credit report done 2 years ago and it didn't say any of these things. So i'm curious what these mean. I know I have a bad bank account with a Small bank in another state that I had but Im working on paying that off. we recently moved but at the end of our lease so im confused on the current address change history.

 

Any help on what all of these mean would be greatly appreciated!

 

Thanks

Link to comment
Share on other sites


I've read they decline for an assortment of small reasons, including for having just two ChexSystems inquiries. I'll probably be denied too, even though I have an 800+ FICO.

 

I would just forget about them. There are plenty of other accounts like this, including GoBank, Bluebird and Moven.

Link to comment
Share on other sites

Keep in mind that is Chexsystem's internal scoring system, not your FICO.

I would contact them and get them to clarify.

 

In the past, below are reasons others have told me they were given:

 

- Unable to verify your address

- Too many inquiries

- Recent account closure for fraud or abuse

- Recent NSF activity

Edited by tmcgill
Link to comment
Share on other sites

The last post in this topic was posted 3045 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share




  • Member Statistics

    • Total Members
      185020
    • Most Online
      2046

    Newest Member
    bodysense88
    Joined
×
×
  • Create New...

Important Information

Guidelines