Sentences with phrase «creditor denied your application»

You may want to find out why the creditor denied your application before you contact the CRA.

Not exact matches

If your credit application was denied, the Equal Credit Opportunity Act requires creditors to specify why — if you ask.

Some creditors may deny your application if they think you are trying to open too many new accounts too quickly.

Any recent activity may give the creditor a reason to deny your application.

Remember that the credit bureau can tell you what is in your report, but only the creditor can tell you why it denied your application.

Creditors have to provide a reason for denying your credit card application, so you can get an idea of what you need to work on in order to qualify for the credit card you want.

If you are denied credit, the ECOA requires that the creditor give you a notice with the specific reasons your application was rejected or the news that you have the right to learn the reasons if you ask within 60 days.

An inquiry not accompanied by a new account from the same creditor on the credit report indicates the application was denied, since, had the application been approved, there would be a new account appearing on the report.

The credit reporting company can tell you what's in your report, but only the creditor or insurance company can tell you why your application was denied.

The creditor can require you to reapply for credit on an individual basis and then, based on your new application, deny or extend you credit.

There are many reasons why a creditor may deny a credit application, but if you were denied you may want to ensure that the reason given to you was correct and valid.

Landlords, employers, and creditors who opt to run a background check on any applications you may submit in the future will see your conviction and registration and may choose to deny your request for a new apartment, job, or loan.

If the consumer's application for credit is denied or withdrawn before the creditor provides the Closing Disclosure under § 1026.19 (f)(1)(ii)(A), (f)(1)(ii)(B), (f)(2)(i), or (f)(2)(ii), creditors would be unable to disclose «the actual terms of the transaction,» and providing a Closing Disclosure in such cases would provide relatively little consumer benefit.

However, the Bureau reminds creditors that Regulation B contains requirements that apply when the creditor denies a consumer's loan application.

However, if the creditor denies the consumer's application before the end of the three - business - day period, the creditor need not provide the booklet.