Credit card -- Getting a credit card -- Complaint #10126345
Complaint Overview
Complaint ID: 10126345
Company: Clgf Holdco 1, LLC
Product: Credit card
Sub-Product: General-purpose credit card or charge card
Issue: Getting a credit card
Sub-Issue: Application denied
State: Virginia
ZIP Code: 235XX
Date Received: 2024-09-14T12:00:00-05:00
Date Sent to Company: 2024-09-14T12:00:00-05:00
Company Response: Closed with explanation
Timely Response: Yes
Consumer Disputed: N/A
Submitted Via: Web
Consumer Narrative
On XXXXXX/XX/year>, I applied for a credit card, and I received a denial notice on XX/XX/year>. After reviewing the notice, I am requesting reconsideration of my application and further clarification of the reasons for denial, pursuant to my rights under 15 U.S.C. 1691, the Equal Credit Opportunity Act ( ECOA ), and 12 C.F.R. 1002, Regulation B. According to 15 U.S.C. 1691 ( d ), creditors are required to provide specific reasons for denying a credit application. Additionally, under 12 C.F.R. 1002.9 ( a ) ( 2 ), this explanation must clearly outline the factors that adversely affected my application. Furthermore, it is important to note that under the ECOA and Regulation B, credit decisions can not be based solely on credit scores. Denying credit based solely on a credit score is a violation of these provisions, which are designed to ensure that applicants are fairly evaluated on the basis of multiple factors. In your denial notice, it was suggested that my credit score played a significant role in your decision. As such, I would like to emphasize that the use of a credit score, while a factor in the evaluation process, should not be the sole determining factor in the denial of credit, as per the regulations mentioned.
Frequently Asked Questions
What is Complaint #10126345 about?
Complaint #10126345 was filed against Clgf Holdco 1, LLC regarding Credit card specifically about Getting a credit card. It was received by the CFPB on 2024-09-14T12:00:00-05:00.
How did Clgf Holdco 1, LLC respond to this complaint?
The company responded with: "Closed with explanation". The response was timely.
What is the risk level of this complaint?
See the risk assessment section for details on this complaint's risk profile.
How do I file a similar complaint?
You can file a complaint with the CFPB at consumerfinance.gov/complaint. Select the appropriate product category (Credit card) and describe your issue in detail.
Can I see other complaints against Clgf Holdco 1, LLC?
Yes, visit the Clgf Holdco 1, LLC company profile at readthecomplaint.com/company/clgf-holdco-1-llc to see all complaints, risk scores, and analysis.
Disclaimer
This analysis is AI-generated based on publicly available CFPB complaint data. It does not constitute financial or legal advice.