Answers about Credit Denials

I was denied credit. What information am I entitled to?

Your lender must give you an adverse action notice, which explains the following:

  • why your loan was denied;
  • if the decision was based on information received from a credit report; and
  • the name and address of the credit bureau it used.

The adverse action notice will explain that you can request a copy of your credit report from the credit bureau that provided it. If you believe the information reported is incorrect, you should file a dispute with the credit bureaus. If you aren't sure how to proceed, contact the lender that denied your loan application.