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So I got denied due to a bad bank deposit score from Early Warning Systems!? I have prime credit and banking history with multiple banks. I do open/close a few accounts a year to take advantage of these new account bonuses so that could be having an impact on the score.
Going to open an inquiry with this third party and see what they got on file for me. Just a head's up in case anyone else gets denied.
I also got denied. Did you figure any information out about this?
I also got denied. Did you figure any information out about this?
Sort of. I got a report from early warning systems and they listed all the deposit history I had with all my accounts the past few years. They didn't explain how I received a low score. I can only conclude that my deposits were low on new accounts (just to get banking bonuses) I received a poor score. Even though my main account has been open for 10 years with consistent deposits. Really hard to dispute the score when they don't explain the formula. I can only dispute the accuracy of the report (e.g. missing accounts or transactions).
Sort of. I got a report from early warning systems and they listed all the deposit history I had with all my accounts the past few years. They didn't explain how I received a low score. I can only conclude that my deposits were low on new accounts (just to get banking bonuses) I received a poor score. Even though my main account has been open for 10 years with consistent deposits. Really hard to dispute the score when they don't explain the formula. I can only dispute the accuracy of the report (e.g. missing accounts or transactions).
If you open and close accounts too quickly and too often, that will affect your EWS. I believe accounts need to be open 6 months to no longer be considered new on EWS reports.
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Going to open an inquiry with this third party and see what they got on file for me. Just a head's up in case anyone else gets denied.
I also got denied. Did you figure any information out about this?
Sort of. I got a report from early warning systems and they listed all the deposit history I had with all my accounts the past few years. They didn't explain how I received a low score. I can only conclude that my deposits were low on new accounts (just to get banking bonuses) I received a poor score. Even though my main account has been open for 10 years with consistent deposits. Really hard to dispute the score when they don't explain the formula. I can only dispute the accuracy of the report (e.g. missing accounts or transactions).