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Bret Baughn's application for a Home Equity Line was denied due to a high potential for fraud or risk, based on information from a consumer reporting agency. His credit score is 767, and key factors affecting it include a high balance-to-limit ratio and too many inquiries in the last 12 months. He has the right to request a free copy of his credit report and dispute any inaccuracies within 60 days of receiving this notice.

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03/19/2025

Dear Bret Baughn:

Thank you for your recent application. Your request for a Home Equity Line was carefully
considered, and we regret that we are unable to approve your application at this time, for the
following reasons:

 Your application shows a high potential of fraud or risk

Our decision was based in whole or in part on information obtained in a report from the
consumer reporting agency listed below. You have a right under the Fair Credit Reporting Act to
know the information contained in your credit file at the consumer reporting agency. The
reporting agency played no part in our decision and is unable to supply specific reasons why we
have denied your application. You also have a right to a free copy of your report from the
reporting agency, if you request it no later than 60 days after you receive this notice. In addition,
if you find that any information contained in the report you receive is inaccurate or incomplete,
you have the right to dispute the matter with the reporting agency.

Name: Experian
Address: P.O. Box 4500, Allen, TX 75013
Telephone Number: 1-888-397-3742

We also obtained your credit score from the consumer reporting agency and used it in making
our credit decision. Your credit score is a number that reflects the information in your consumer
report. Your credit score can change, depending on how the information in your consumer
report changes.

Your credit score: 767

Date: 03/19/2025
Scores range from a low of 300 to a high of 850.

Key factors that adversely affected your credit score:

 Ratio of balance to limit on bank revolving or other rev accts is too high
 Lack of recent installment loan information
 Too many inquiries last 12 months
 Too many accounts with balances

If you have any questions regarding your credit score, you should contact Experian at:

Figure Lending LLC, NMLS #1717824

Address: P.O. Box 4500, Allen, TX 75013
Telephone Number: 1-888-397-3742

X Our credit decision was based in whole or in part on information from an outside source
other than a consumer reporting agency. Under the Fair Credit Reporting Act, you have the right
to make a written request, no later than 60 days after you receive this notice, for disclosure of
the nature of this information.

If you have any questions regarding this notice, you should contact:

Figure Lending LLC, NMLS #1717824

Address: 650 S. Tryon Street 8th floor, Charlotte, NC 28202
Telephone Number: 18888196388

Notice: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against
credit applicants on the basis of race, color, religion, national origin, sex, marital status, age
(provided the applicant has the capacity to enter into a binding contract); because all or part of
the applicant’s income derives from any public assistance program; or because the applicant
has in good faith exercised any right under the Consumer Credit Protection Act. The Federal
agency that administers compliance with this law concerning this creditor is Federal Trade
Commission, Consumer Response Center, 600 Pennsylvania Avenue NW, Washington, DC
20580.

Thank you,

Figure