Your friend recently applied for credit and was turned down. Why was your friend probably denied credit?
O Debt safety ratio less than 10%
O Pattern of delinquent payments on credit
O History of personal bankruptcy
O Absence of checking, savings, or other credit accounts
O Application error-for instance transposed figure in street address (for example, 124 Main St. instead of 142 Main St.); all other information is accurate
O False or misleading information on your application
O Large amount of available credit relative to income
O Debt safety ratio greater than 20%