Do Your Credit Reports Contain These Three Red Flags?

If your credit reports are riddled with numerous late payments or major black marks – like a recent foreclosure or a fresh bankruptcy filing – it probably comes as no surprise that you'll have a tougher time getting a loan than someone with perfect credit.

But what about those of you who have decent credit ratings, or maybe even good credit? A solid FICO score alone frequently isn't enough to get a loan application approved, especially if other items on your application are sending up warning signs to a lender.

Here are three red flags – on your credit reports and elsewhere – that could cause lenders to think twice about extending you credit.