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
It's best to act quickly! There’s no set time limit, but the sooner you address any issues, the better your chances of resolving them.
Absolutely! If you believe there’s an error in your credit report or information, you can dispute it with the credit reporting agency.
Not quite! Each company might phrase things a bit differently, but they all must include certain key details under the law.
Typically, it’s sent by lenders, landlords, or employers who used your credit report or other background checks in making their decision.
First, read it carefully. Then, you can take steps to check your credit report or discuss the decision with the company that sent you the notice.
You usually receive it shortly after your application is denied, letting you know why the decision was made and what information was used.
A Basic Adverse Action Notice is a written notice that informs you if your application for a credit, employment, or rental has been denied due to your credit report or other background information.