But it is the credit bureau that is responsible for explaining the denial report. Each creditor has a target market. For example, one creditor may like a report with little lending activity where credit card balances are paid in full each month. Another creditor wants you to carry credit card balances and will turn down customers who avoid interest charges. Here is the list of reasons lenders use to deny a person a loan.
Amount owed on accounts is too high.
Delinquency on accounts. Too many bank or national revolving accounts. Too many accounts with balances. Account payment history is too new to rate. Too many inquiries in last 12 months.