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If a credit application is rejected the creditor must give you the specific reasons or tell you how you can obtain your credit results if you ask within how many days?
Wiki User
∙ 6y ago
You need to ask within 60 days.
Wiki User
∙ 6y ago
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What if you are denied credit?
Denied CreditIf you are denied credit, federal law requires that the creditor give you a notice that tells you the specific reasons your application was rejected or the fact that you have the right to learn the reasons if you ask within 60 days. Indefinite and vague reasons for denial are illegal, so ask the creditor to be specific. Acceptable reasons include: "Your income was low" or "You haven't been employed long enough." Unacceptable reasons include: "You didn't meet our minimum standards" or "You didn't receive enough points on our credit scoring system." If a creditor says you were denied because you are too near your limits on your credit cards or you have too many charge card accounts, you may want to reapply after paying down your balances or closing some accounts. Credit scoring systems consider updated information and change over time.Sometimes you can be denied because of information from a credit report. If so, the Fair Credit Reporting Act requires the creditor to give you the name, address and phone number of the credit reporting agency that supplied the information. You should contact that agency to find out what your report said. This information is free if you request it within 60 days of being turned down. The reporting agency can tell you what's in your report, but only the creditor can tell you why your application was denied.If you've been denied, or didn't get the rate or terms you want, ask the creditor if a credit scoring system was used. If so, ask what characteristics or factors were used in that system, and the best ways to improve your application. If you are approved, ask the creditor whether you are getting the best rate and terms available and, if not, why. If you are not offered the best rate available because of inaccuracies in your report, be sure to dispute the inaccurate information in your credit report.If you have been denied credit entirely (often because of the Catch-22 situation where lenders don't want to offer credit to anyone without a credit history--but how do you get a credit history without credit?), you can apply for secured credit cards, which essentially allows you to deposit a sum of money (say, $500) and then "charge" purchases, up to $500. By using this card responsibly (such as by not going over the limit--even better, creditors like it if you use no more than 30% of your available credit, as it shows you aren't likely to incur debts you can't pay--and by paying your bill on time--never late, even by a minute), you build a credit history. This record of good credit usage will help you get other kinds of credit--a car loan, a mortgage, etc.
What is payment vouche?
A payment voucher is a bond which is worth a certain monetary value and which may be spent only for specific reasons or on specific goods
Why are bond mutual funds considered high yield mutual funds?
There are many reasons bond mutual funds might be considered high yielding funds. The specific reasons behind such reasoning would best be explained by a financial professional.
Can a credit card company take a car that is in your name if you owe them?
States have exemption laws to be used by a debtor to protect specified amounts and types of personal and real property from creditor attachment. If the exemption for a vehicle does not protect it, theoretically a creditor who receives a judgment in a lawsuit could execute the judgment as forced sale of the vehicle. The act of a creditor (other than the lien holder) to seize and sell a vehicle very rarely occurs. The process is too complicated, time consuming and hardly ever cost worthy. Once a creditor seizes real property it becomes their "problem". They must take care of all other liens or judgments against the property, arrange for sale, pay all contributing costs and so forth. This is one of the reasons a forced sale of any property belonging to a debtor is seldom pursued for UNSECURED debts.
What are 3 reasons why a comprehensive credit application is important for giving mercantile credit?
Three reasons (not the only reasons) for why a comprehensive credit application is important for providing mercantile (also known as commercial) credit are as follows: * Historical assets and liabilities disclosure provides clarity as to what the company is worth, providing insights into what the company can afford to borrow * Historical profit and loss disclosure provides clarity as to how much the company is able to pay in any given period, helping define what the letter/line of credit may be * Having disclosures on paper and signed by key management figures reduces risk if something goes wrong with repayment
What reasons would cause my Medicaid application to be rejected?
There is no way to know if your application will get rejected or not. Many people that do qualify get rejected the first time that they apply for assistance. Make sure that you talk to someone at a county office near you to get the help that you need to fill out those complicated forms.
My application to join The Initiates Program was rejected - why might this be?
It is uncommon for an application to be rejected. However there are a few reasons why it might be. You might have a serious warning against you. It may be because you have a recent history of being impolite to others. Maybe you are under the minimum age. It's also possible that the TIP team doesn't feel you have enough experience on Answers yet. You may ask the TIP team for feedback on your application.
CDR Rejected By Engineers Australia?
There can be multiple reasons for your CDR rejection. If your CDR application does not meet the required competencies in the nominated occupation, your CDR may be rejected by Engineers Australia. Moreover, if your CDR report contains any type of plagiarism, it will be rejected by the assessor Engineers Australia. You can visit our site at AustraliaCDRHelp to get a proper solution.
Can you apply to UW Madison twice?
Yes. Most universities will allow you to submit an application after being rejected, however it will need to be for the following school year. You will not be able to re-apply for the same school year that you were rejected for. Also keep in mind that most schools have an application deadline, and the subsequent applications will need to still abide by these timelines. Also, consider the reasons why your initial application may have been rejected in the first place. If these factors still exist (low GPA, SAT/ACT scores, class rank), work will need to be done to strengthen your application. These selections are not based on chance, therefore, if a previous application was rejected (left unchanged) and resubmitted the following year, it will likely receive the same result -- rejection.
How leave application school?
The leave application school should be addressed to the principle with the reasons.
What do you put down on an application if the reason for leaving is a divorce?
You do not need to disclose your personal reasons for relocating. Just indicate on the job application that you left a former employer due to relocation.
Why you get rejected by girls?
There are so many reasons, just remember, the RIGHT girl wont reject you.
Why was segregation of children in grade or high school rejected during plessey vs Ferguson?
political reasons
If a guy teases you and you make a move why does he back off?
There are many reasons but it could be that he is frightened of being rejected.
What if you are denied credit?
Denied CreditIf you are denied credit, federal law requires that the creditor give you a notice that tells you the specific reasons your application was rejected or the fact that you have the right to learn the reasons if you ask within 60 days. Indefinite and vague reasons for denial are illegal, so ask the creditor to be specific. Acceptable reasons include: "Your income was low" or "You haven't been employed long enough." Unacceptable reasons include: "You didn't meet our minimum standards" or "You didn't receive enough points on our credit scoring system." If a creditor says you were denied because you are too near your limits on your credit cards or you have too many charge card accounts, you may want to reapply after paying down your balances or closing some accounts. Credit scoring systems consider updated information and change over time.Sometimes you can be denied because of information from a credit report. If so, the Fair Credit Reporting Act requires the creditor to give you the name, address and phone number of the credit reporting agency that supplied the information. You should contact that agency to find out what your report said. This information is free if you request it within 60 days of being turned down. The reporting agency can tell you what's in your report, but only the creditor can tell you why your application was denied.If you've been denied, or didn't get the rate or terms you want, ask the creditor if a credit scoring system was used. If so, ask what characteristics or factors were used in that system, and the best ways to improve your application. If you are approved, ask the creditor whether you are getting the best rate and terms available and, if not, why. If you are not offered the best rate available because of inaccuracies in your report, be sure to dispute the inaccurate information in your credit report.If you have been denied credit entirely (often because of the Catch-22 situation where lenders don't want to offer credit to anyone without a credit history--but how do you get a credit history without credit?), you can apply for secured credit cards, which essentially allows you to deposit a sum of money (say, $500) and then "charge" purchases, up to $500. By using this card responsibly (such as by not going over the limit--even better, creditors like it if you use no more than 30% of your available credit, as it shows you aren't likely to incur debts you can't pay--and by paying your bill on time--never late, even by a minute), you build a credit history. This record of good credit usage will help you get other kinds of credit--a car loan, a mortgage, etc.
Application to the principal for station leave?
The application to the principal for station leave should include the reasons for the leave. The application should also include the length of the leave.
If my computer's server won't load a page is it because my application balancing is off?
There are a variety of reasons for a computer service not loading a page. One of these reasons could be because the application balancing is off.
