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.
There’s no magic waiting period. You can reapply whenever you feel ready, but it’s best to address any trouble spots first.
If you don’t receive one, it’s a good idea to reach out to the lender or landlord and ask for clarification. They might have overlooked sending it.
Absolutely! If you see something that doesn’t add up, you have the right to challenge that information and ask for corrections.
The notice should include the reason your application was declined, details about the information used to make the decision, and how to contact the company that provided that information.
You should get this notice when a lender or landlord decides not to move forward with your application based on information from a credit report or similar source.
A Basic Adverse Action Notice is a letter that tells you why your application was turned down or why you didn't get the terms you wanted.