If my application is denied, will I receive an explanation?

Ashley
Ashley
  • Updated

After a denial, you will receive a formal letter (often called an Adverse Action Notice) that outlines the specific reasons for the decision. This letter will also include information on how to obtain a free copy of your credit report, which you can review to understand what might have influenced the decision.

If you believe the denial was unjustified, you can address the issues cited, improve your credit situation, and consider reapplying in the future.

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