Credit Report Terminology
Sep 25
2010
2010
what does insufficient comparable high credit mean? terminology?
creadit report terminology
It means that you have not had a loan or line of credit that is for a comparable amount or term as the loan that you are applying for. An example would be if you have only had loans that are under $2,000 but you are applying for a loan asking for $100,000. Even though your credit report may show that you can handle making payments on time on the smaller loans, it is hard for us to compare how you would handle a loan of such difference in amount.
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