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
Usually, you should act promptly: checking your report or disputing any inaccuracies in a timely manner is your best bet!
While you can't directly 'appeal' the decision, you can address any errors found in your credit report, which might help with future applications.
Absolutely! The notice will tell you which credit reporting agency provided the info, and you're entitled to request a copy of your credit report from them.
It's wise to make sure your credit report is clean and clear; paying down debts, making payments on time, and resolving any errors can go a long way!
First things first, don’t panic! Review the notice to understand why your application was denied, and then you can check your credit report for any mistakes.
You would get this notice if your application was turned down due to negative information found in your credit report or if another reason relates to your financial history.
A Basic Adverse Action Notice is a letter that lets you know when your application for credit, employment, or housing is denied based on information from your credit report.