i was turned down for a car loan because my credit reports showed i did not have much money in my checking…

i was turned down for a car loan because my credit reports showed i did not have much money in my checking account. does that make sense, or is it nonsense? sense nonsense

i was turned down for a car loan because my credit reports showed i did not have much money in my checking account. does that make sense, or is it nonsense? sense nonsense

Answer

Brief Explanations:

Credit reports typically focus on credit - related information like payment history, outstanding debts, and credit utilization. While having little money in a checking account may be a sign of financial instability, it is not a typical main factor in credit reports used for loan decisions. Loan approvals are more about creditworthiness based on credit - related metrics rather than checking account balance.

Answer:

NONSENSE