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 30 days.

Question

Quizplus · Accepted Answer

When your credit application is denied, you have the legal right to know the specific reason for the denial. This information can help you identify and address any issues with your credit history, allowing you to take steps to improve your credit and increase your chances of being approved for credit in the future.

If Your Credit Application Is Denied,you