This is a sample Adverse Action Notice. An Adverse Action Notice tells the renter that he was denied or approved with conditions. The difference in approval may be due to information found on a consumer credit report, and gives contact information for the credit reporting agency used so the applicant can access the report too.
The notice itself doesn't directly affect your credit score, but if it leads you to miss payments or take on debt, that could have a negative impact down the line.
While there isn’t a strict timeframe, it’s best to act quickly. Usually, you want to resolve any issues within 30 days to stay on top of things.
Absolutely! If you believe there’s an error in your credit report or the information used, you can file a dispute with the credit bureau that has your report.
Take a deep breath! Read the notice carefully, check your credit report, and consider reaching out to the company for more clarity about their decision.
You got this notice because the decision on your application was influenced by information from a credit report, or other background info. It's good to know the reason so you can address any concerns.