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. Â
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Interesting Questions
If you feel the denial was unfair, you can reach out to the lender or employer to ask for more details, and consider disputing any inaccuracies in your report.
You usually want to act quickly, within 30 days is a good rule of thumb, especially if you’re going to dispute any errors.
Absolutely! If you believe there’s an error in your credit report, you have the right to dispute it with the credit reporting agency.
You typically get this notice after a lender or employer decides not to go forward with your application based on your credit report or background check.
A Basic Adverse Action Notice is a letter sent to notify you that your application has been denied. It usually includes information about the reasons why and details on your rights.