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Credit Report Decisioning
Sameer Kapur avatar
Written by Sameer Kapur
Updated over 4 months ago

Overview

If your credit union has decided to activate auto-generation of credit reports upon submission of an application, Glide allows for decisioning of the application based on the credit report results.

See our Credit Report Generation guide to learn more about the auto generation set up options.

Supported Attributes

Glide supports over 200 attributes extract from credit reports. For a full list of these attributes see our Credit Report Attributes guide. Supported attributes are broken down in the following categories:

  • Number and Age of Accounts

  • Account Ratings

  • Balances and Payments

  • Available Credit, Credit Limit, and Credit Utilization

  • Delinquencies

  • Inquiries

  • Public Records

  • Collections, Liens, Bankruptcies, and so on

  • Warnings (Thin File, Deceased)

When creating rules with our supported attributes, Glide supports comparison operator excluding the boundary values. In other words, (> and <) is supported, but >= and <= is not.

Recommended Logic

  • Recent inquiries

    • PT038: Number of inquiries in the past 6 months.

    • If PT038 > 8, then deny.

  • Recent delinquencies

    • PT072: More than 1 delinquency within 30 days is red flag.

    • If PT072 > 1 then deny.

  • Collections accounts

    • PT174: Balance on non-medical collection accounts.

    • If PT174 > $1,000 (indicating significant non-medical collections), then deny.

  • Bankruptcy

    • GB311: Has a bankruptcy ever been reported? 1=yes; 0=no.

    • If GB311 = 1, then deny.

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