What subsequent events may disqualify my Upstart loan application?

Your loan application may be disqualified even after you receive an initial offer if certain events occur.  Prior to origination, if your credit history indicates any of the events below have occurred, then your application will be rejected.  A subsequent disqualifying event shall mean:

  • Your credit score drops (x) more than 25 points since the time of the credit report used to determine the applicant’s current rate, and/or (y) below 580;
  • The applicant’s monthly debt obligations listed on their TransUnion credit report(s) increase by more than the greater of (i) 3 percent of monthly income, or (ii) $200, since the time of the credit report used to determine the applicant’s current rate, and the applicant did not previously disclose the existence of such debt obligations*;
  • If any of the applicant’s accounts are currently 30 or more days delinquent on any credit report; or

    If there is any inquiry or new account on their credit report since the time of the credit report used to determine the applicant’s current rate, not including any inquiries or new accounts related to a student loan, vehicle loan or mortgage;


* Debt obligations are made up of installment accounts, mortgage / rent, and revolving credit. This calculation is separate from the debt to income calculation.



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