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.
Keeping an eye on your credit report and making sure all your information is accurate can help steer you clear of surprises. It's like preventative maintenance for your financial health!
While there's no strict deadline for responding to a Basic Adverse Action Notice itself, it’s usually a good idea to act quickly, especially if you plan on disputing the information.
If you think there's an error in your report, it's best to contact the reporting agency ASAP to dispute the information. Catch any mistakes before they lead to more trouble!
The notice should give you a heads up about what's in your report that led to the adverse action, along with the name of the reporting agency that provided the information.
You got this notice because your application was turned down, and it usually includes details about the reasons, which often relate to something found in your background check.
A Basic Adverse Action Notice is a letter that lets you know if your application for credit, employment, or another service has been denied based on information that was found in your background check.