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Hello, I am looking for some feedback with regard to determining the ECOA denial reason for the following scenario. An applicant’s credit report shows the applicant’s revolving accounts have excessive credit use – meaning they owe more than the allowable credit threshold of 75%. It appears the denial reason is Credit. However, it does not fit one of the predetermined options. It has been suggested to use “Other” as the reason with description of excessive use of credit. I appreciate your perspective.
Thank you.
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