Date
Dear Applicant:
Thank you for your application for
. We are unable to offer you credit on the terms that you requested
for the following reason(s):
We can, however, offer you credit on the following terms:
If this offer is acceptable to you, please notify us within
[amount of time] at the following address:
.
Our credit decision on your application
was based in whole or in part on information obtained in a report
from [name, address and [toll-free] telephone number of the consumer
reporting agency]. You have a right under the Fair Credit Reporting
Act to know the information contained in your credit file at the consumer
reporting agency. The reporting agency played no part in our decision
and is unable to supply specific reasons why we have denied credit
to you. You also have a right to a free copy of your report from the
reporting agency, if you request it no later than 60 days after you
receive this notice. In addition, if you find that any information
contained in the report you receive is inaccurate or incomplete, you
have the right to dispute the matter with the reporting agency.
[We also obtained your credit score from this consumer
reporting agency and used it in making our credit decision. Your credit
score is a number that reflects the information in your consumer report.
Your credit score can change, depending on how the information in
your consumer report changes.
Your credit score:
Date:
Scores
range from a low of
to a high of
Key factors that adversely affected your
credit score:
[Number of recent inquiries
on consumer report, as a key factor]
[If you have any questions regarding your credit score,
you should contact [entity that provided the credit score] at:
Address:
[Toll-free] Telephone number:
]]
You should know that the federal
Equal Credit Opportunity Act prohibits creditors, such as ourselves,
from discriminating against credit applicants on the basis of their
race, color, religion, national origin, sex, marital status, age (provided
the applicant has the capacity to enter into a binding contract),
because they receive income from a public assistance program, or because
they may have exercised their rights under the Consumer Credit Protection
Act. If you believe there has been discrimination in handling your
application you should contact the [name and address of the appropriate
federal enforcement agency listed in appendix A].
Sincerely,
