A Denied Credit Application

If you ever receive a letter like this in the mail, and you didn’t apply for a credit card, there’s a good chance someone may have a hold of your sensitive information.

The letter above is from a Paypal credit card application, which highlights the fact that a credit card was applied for, and subsequently denied for a failure to verify a home phone number.

In section B, in accordance with the Fair Credit Reporting Act, a notification is documented to show the consumer that a credit report was pulled in reaching the decision.

As part of that accordance, the full address and phone number is listed for the specific credit bureau where the credit report was furnished (Equifax in this case) so the consumer can order a copy of the credit report to see why they were denied credit.

If you apply for a credit card or another form of credit and later get denied, you will receive a similar correspondence via US mail.

If you in fact applied for some form of credit and were denied, order the free copy of your credit report by contacting the credit bureau directly to see why you were denied.

If you didn’t apply but still received the notification, it would be wise to contact the credit bureau(s) as well as the creditor on the application, as there is the possibility that someone may be trying to commit identity theft.

You may also want to order a free credit report from the other two credit bureaus as well to be extra cautious.

Related Topics:

1. Your Credit Card Application Has Been Declined
2. Free Credit Report, But No Free Credit Score
3. Thousands Denied Credit on a Daily Basis
4. Free Credit Report
5. Credit Freeze