Written by Steven Merkel.
Everyone in the United States is entitled to a free credit report every year from the three consumer credit reporting bureaus; Equifax, Experian, and Transunion. You may request your report from all three at the same time or you can do it individually. If you live in Colorado, Georgia, Maine, Maryland, Massachusetts, New Jersey or Vermont you are entitled an additional credit report.
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Written by Steven Merkel.
I recently received an adverse action notice, because I was declined for an auto loan through my credit union. The reason being my income was too low even though my credit score was over 700.
What exactly is an adverse action notice? This form tells you why you were declined and what action the bank performed. The two parts in a notice are the banks actions, and the main reason for credit denial, account termination, or other action.
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