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’re left in the dark, it’s wise to reach out and ask why you didn’t get a notice—communication is key!
Absolutely! You can dispute errors in your report to get things straightened out. Don’t let mistakes tarnish your reputation.
You bet! It’s a good idea to check your credit report ahead of time so you know what others see—better safe than sorry!
You should typically receive the notice within a few days after the decision is made—not too long to keep you hanging.
Yes, if you are denied based on your credit report or another report, the law requires that they send you a notice explaining why.
You might get one if a lender or employer checked your credit or background and decided not to move forward because of what they found.
An Adverse Action Notice is a fancy way of saying that you've been turned down for credit, a rental, or a job based on your credit report or background check.