If your credit application is denied,you:
A)should sue the credit rating agency.
B)should file a complaint against the merchant.
C)have no legal right to know why.
D)are entitled to know the specific reason you were denied credit.
E)can reapply for credit after six months.

Question

Quizplus · Accepted Answer

Under the Fair Credit Reporting Act, if your credit application is denied, you are entitled to know the specific reasons why. This helps consumers understand what factors influenced the decision and allows them to address any issues with their credit.

If Your Credit Application Is Denied,you