Fun Fact Friday! The FCRA Continued

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Woo hoo! Happy Friday!

To continue with your rights under the Fair Credit Reporting Act, (FCRA) the next part we will cover is what happens if you submit an application for credit and are denied. Many people think that if you’re denied credit, the inquiry dings your score and that’s the end of it, thankfully the FCRA has a part devoted to this particularly. Your rights are as follows:

  • Any company that denies your application must supply the name and address of the credit bureau they contacted, provided the denial was based on information given by the credit bureau.
  • You have the right to a free copy of your credit report when your application is denied because of information supplied by the credit bureau. Your request must be made within 60 days of receiving your denial notice.

Remember that knowing your rights and knowing when to get professional help and guidance will make this road much smoother for you. When you’re ready to get your credit score to help you instead of hurt you, check out Inversion Credit. Have a great weekend!

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