While not everyone’s credit application will be accepted, everyone has the right to know why. As required by the Equal Credit Opportunity Act, creditors must tell people why their credit request was denied.
The reasons for denying credit to someone can vary. For instance, the person may not have a credit file with a credit reporting agency. Also, the person’s credit file may report delinquent obligations.
If you or anyone you know has debt problems, contact the Birmingham debt negotiation lawyers of Paula Greenway at (205) 324-4000.