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If you are denied credit, the Equal Credit Opportunity Act requires that the creditor give you a notice that tells you the specific reason your application was rejected or the fact that you have the right to learn the reason if you ask within 60 days. If your credit application was due to information obtained from your credit report, the Fair Cedit Reporting Act requires the creditor to give you the name, address and phone number of the credit reporting agency that supplied the information. The credit reporting agency can tell you what is in your report but only the creditor can tell you why your applicaton was denied.

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โˆ™ 2005-05-27 14:25:03
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How soon after you are denied credit must you receive notice both verbally and by letter

What is done with the finance charge assessed by a credit card company

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Q: How soon after you are denied credit must you receive notice both verbally and by letter?
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Why was I denied when applying for a credit card?

You may have insufficient credit. Not everyone is denied due to poor credit. You should receive a letter of rejection from the card you applied to stating why you were rejected. If you have not received this, it is within your rights to call the company and ask them to either send the letter or state why you were rejected. Once you know the reason you should review your credit report for errors. You can opt to apply to a department store credit card to help build credit. If you are denied that, you may choose a secured (down payment) credit card to help build or repair credit.


Can I be denied an employment verification letter from a past employer?

An employer is not required to provide you with a verification letter. They do have to verbally state if someone calls that you have worked there.


Letter to Request a Credit Report?

Get StartedIf you have been denied credit or if other adverse actions regarding your credit have been taken based on your credit report, you may want to obtain a copy of your credit report and verify the information contained in it.The purpose of the Request for a Credit Report letter is to assist you in obtaining a copy of your credit report, particularly if you have been denied credit, employment or insurance within the last 60 days. The credit report tells how you have managed credit in the past and companies examine your credit report before deciding whether to give you new credit. You can request a copy of your credit report by sending a letter to a credit reporting bureau.When you receive your credit report you should carefully review it. You have the right to respond to a negative entry on your report, to have errors corrected, or to have your response made part of your credit report.


Why was you denied credit for not knowing your husband's ex-wife's address and birthday?

There is little likelihood that one was denied credit specifically for not knowing the address and birthdate of one's husband's ex-wife because alimony payments do not have to be disclosed when applying for credit and are usually only considered on the income side, not the expenses side (i.e., benefits the alimony payment receiver, does not negatively impact the alimony payment payer when either apply for credit). The above said, the bank may have wanted to conduct due diligence and contact the ex-wife in order to determine what, if any, alimony payments were being paid to her. When denied credit, you are required to receive a letter which identifies specifically why credit was not granted, and that letter must be sent within thirty (30) days of the denial decision. With that letter, you may see the specific reason(s) why credit was denied and you are entitled to get a copy of the credit report(s) that was (were) used to influence that decision.


What are some types of letter of credit?

Documentary letter of credit, open letter of credit, confirmed letter of credit,unconfirmed letter of credit, revolving letter of credit, fixed letter of credit,transferable letter of credit,nontransferable letter of credit,revocable letter of credit,irrevocable letter of credit,back to back letter of credit.


If you had a preapproved letter from AMEX but applied for another card on their website and were denied then sent for the preapproved one and got it will that affect your credit?

The original AMEX the you were denied for will affect your credit negatively. You will have two separate inquiries with only one open account within a period of six months.


How can I tell if my pa unemployment claim was denied and will need to appeal without waiting to receive conformation letter in mail?

Go on your state unemployment site.


How is opening letter of credit different from establishing letter of credit?

Both has same meaning, opening letter of credit establishing letter of credit once letter of credit is opened, credit is established.


Does your insurance agent tell you if you been denied life insurance?

Yes, he or she should. And further, you should receive an official letter of declination directly from the insurance carrier.


How do you find out if you are getting your workmens comp?

The applicant will receive a letter informing them that their claim has either been denied or approved. If the claim is denied the letter will include instructions on how to file an appeal. If the claim is approved, the letter will state the amount awarded, when benefit payments will commence, and other pertinent information. In some cases a letter of an approved claim is sent and then additional correspondence explaining the program will follow.


What is a commodities letter of credit?

It is a Letter of Credit covering commodities.


What does pre-selected mean when you are sent an offer letter by a credit card agency?

Be careful on pre-selected. Pre-approved is a firm offer of credit being issued. "Pre-selected to receive the offer" - only means they picked you to receive the ad - NOT that you are approved for anything.

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