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.
You can check your credit report for errors, work on paying off debts, or explore options for credit counseling to get back on track.
For sure! Receiving an Adverse Action Notice can be a wake-up call, and there are plenty of ways to work on improving your credit score.
Businesses usually need to send out the Adverse Action Notice within a reasonable time after they make their decision, generally around 30 days.
Absolutely! If you think there’s a mistake in your credit report, you have the right to dispute it and get it corrected.
You should get an Adverse Action Notice if your application is turned down or if you get less favorable terms due to information from your credit report.