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Thin File Analysis 8-
Student card criteria
UCMS Scorecards 1, 2 &3

 

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Cards will be issued only to one applicant. Joint cards will not be issued. The address, social security number and employer, if any, should be verified by the credit bureau.

Credit History
Applicants will probably not have any credit history. On the applications we will request a list of open credit references, such as credit cards or bank loans. We will, however, run one credit bureau on the applicant using the permanent home address or school residence. If the applicant has unacceptable credit then the application will be rejected. If no credit record is shown we will approve the application.

We will require the listing of a bank account reference on the application. It will be neccessary to have a bank account to be obtain a card. We will verify the account if we feel it is necessary for processing the application. The fact that the applicant has no stated income will not be a reason to approve or deny the application.

Student card criteria are as follows (Scorecard#3)
Bankruptcy
Repossession
Any tax lien
Foreclosure
Unpaid charge-offs
Unpaid judgments
>2 Active bank cards
>$5,000 Credit limit on cards
2 or more 30 day delinquencies in the past 6 months
2 or more 60 day delinquencies in the past 12 months
3 or more bank card inquires in the past 30 days
Non U.S. citizen
Student card criteria are as follows (Scorecard#2)
Bankruptcy
Repossession
Any tax lien
Foreclosure
Unpaid charge-offs
Unpaid judgments
>3 Active bank cards
>$7,000 Credit limit on cards
3 or more 30 day delinquencies in the past 6 months
3 or more 60 day delinquencies in the past 12 months
3 or more bank card inquiries in the past 30 days
Non U.S. citizen
Student card criteria are as follows (Scorecard#1)
Bankruptcy
Repossession
Any tax lien
Foreclosure
Unpaid charge-offs greater than $500
Unpaid judgments greater than $1000
>4 Active bank cards
>$11,000 Credit limit on cards
3 or more 30 day delinquencies in the past 6 months
4 or more 60 day delinquencies in the past 12 months
3 or more bank card inquiries in the past 30 days
Non U.S. citizen Note : Scorecard "#1" is most lenient, "#3" is most stringent

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