Why was I declined for a loan despite a solid credit score?

1 month ago 7

Rommie Analytics

A higher score is worth having, but pairing it with a healthy debt load and stable income is what helps get applications approved.

Q: I checked my credit score recently and it had gone up quite a bit, so I was feeling confident when I applied for a loan . But the lender still declined me. I make my payments on time and pay everything off eventually. What am I missing? —Marty

FP Answers:

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