If your credit application is denied, you
A)can sue the credit rating agency.
B)can file a complaint against the merchant.
C)don't have any rights provided by law.
D)should ask to know specifically why.
E)can reapply for credit after 30 days.

Question

Quizplus · Accepted Answer

Asking to know specifically why your credit application was denied can help you to address any issues or errors on your credit report and potentially improve your creditworthiness before reapplying for credit in the future. Additionally, understanding the reasons for the denial can help you to make better financial decisions and avoid the same mistakes in the future.

If Your Credit Application Is Denied, You