Denied by Eagle Advance: why, and what to do next

Likely reasons

• Location. The lender does not accept applications from everywhere and does not publish the list.
• Income. Less than 90 days of consistent income, or income that could not be verified.
• Bank account. No checking account in your name, or an account with recent returned items.
• Specialty credit data. An open or defaulted short-term loan showing in Clarity, DataX or FactorTrust.
• Details that do not match. A phone number, address or employer that could not be confirmed.

Your right to see the report

When a lender turns you down because of information in a consumer report, federal law requires a notice naming the reporting agency. You then have 60 days to ask that agency for a free copy. Specialty agencies make mistakes, and a paid-off loan still showing as open is worth disputing.

What to try next

1. Fix what you can. Correct report errors and wait until any open short-term loan is paid.
2. Try a different kind of lender. A credit union payday alternative loan, or a state-licensed installment lender, judges you differently.
3. Send one request to several lenders. Different lenders have different criteria.
4. Skip the loan. Ask the biller for a payment plan, or your employer for an advance.

What not to do

Do not fire off applications to a dozen lenders in an afternoon. They share data, and a burst of applications reads as distress. Do not pay anyone an upfront fee for a guaranteed loan. That is a scam every time.