Remember to make sure that you are fully aware of, and understand the reason(s) you were denied credit. If you do not, make certain that you seek information and assistance from a credit industry professional.
When you are denied credit, the Equal Credit Opportunity Act (ECOA) requires that the creditor notify you I writing with the principal reason(s) you were denied if you ask within 60 days. If you were denied due to your credit history, you are entitled to a free copy of your credit report.
