The Fair Credit Reporting Act (FCRA) is designed to help ensure that credit bureaus furnish correct and complete information to businesses to use when evaluating your application. Your rights include:
The right to receive a copy of your credit report. The copy of your report must contain all of the information in your file at the time of your request.
The right to know the name of anyone who received your credit report in the last year for most purposes or in the last two years for employment purposes.
Any company that denies your application must supply the name and address of the credit bureau they contacted, provided the denial was based on information given by the credit bureau.
The right to a free copy of your credit report when your application is denied because of information supplied by the credit bureau. Your request must be made within 60 days of receiving your denial notice.
If you contest the completeness or accuracy of information in your report, you should file a dispute with the credit bureau and with the company that furnished the information to the bureau. Both the credit bureau and the furnisher of information are legally obligated to investigate your dispute.
A right to add a summary explanation to your credit report if your dispute is not resolved to your satisfaction.
Utah Request for Disclosure of Reasons for Denial of Credit Application Where Action Was Based on Information Not Obtained by Reporting Agency is a legal document used in the state of Utah when an individual's credit application is denied due to information that was not obtained by a reporting agency. This form allows the applicant to request detailed reasons for the denial and obtain information on the sources that were used to make the decision. The Utah Request for Disclosure of Reasons for Denial of Credit Application Where Action Was Based on Information Not Obtained by Reporting Agency must contain specific keywords and details to ensure its effectiveness. The following content highlights the key points to consider when drafting this request: 1. Introduction: — Begin by mentioning the full legal name of the individual submitting the request. — Include the complete mailing address, contact number, and email address of the applicant. — Specify the date on which the request is being made. 2. Explanation of Denial: — Clearly state that the purpose of the letter is to obtain detailed reasons for the denial of the credit application. — Highlight that the denial was based on information that was not obtained by a reporting agency. 3. Request for Disclosure: — Request the disclosure of the specific reasons behind the denial. — Mention that the applicant understands their rights to obtain this information under the Fair Credit Reporting Act. 4. Identification of the Application: — Provide relevant details about the credit application, such as the date it was submitted, the name of the creditor, and the type of credit applied for (e.g., credit card, loan, mortgage). 5. Specific Information Request: — Ask for a detailed explanation of the specific information that led to the denial. — Request the name and contact information of the sources that provided this information. — Ask for copies of any documents or reports relied upon in the decision-making process. 6. Provide Supporting Documentation: — Enclose a photocopy of the denial letter received from the creditor or provide relevant application identification details. 7. Request for Timely Response: — Clearly state the desired timeframe within which a response is expected (e.g., 30 days from the date of receipt of the request). — Mention that failure to respond within the specified timeframe may result in further legal action. 8. Contact Information: — Reiterate the applicant's name, mailing address, contact number, and email address. — Mention the preferred method of communication (mail or email). Different types of Utah Request for Disclosure of Reasons for Denial of Credit Application Where Action Was Based on Information Not Obtained by Reporting Agency may exist, depending on the specific circumstances. Some possible variations may include requests based on mortgage denials, auto loan denials, personal loan denials, or credit card application denials. Remember, it is crucial to consult an attorney or legal expert to ensure that the content of the request complies with the specific requirements and laws in Utah.
