3.18- Components of a “notice of adverse action”

An adverse action notice is to inform you that you have been denied credit, employment, insurance, or other benefits based on information in a credit report. An Adverse Action notice must include:

• Information about the credit bureau used, Bureau's name ,address and contact number and that the credit Bureau did not play a part in the decision process

• Explanation of the specific reasons for the adverse action

• A notice of the consumer's right to a free credit report and to dispute its accuracy

Related Topics: What is a Credit Check What is a Credit Score

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