Our editorial team is independent and objective. To help support our review work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the CreditMashup site. This site does not include all companies or products available within the market.

We also include links to advertisers’ offers in some of our articles; these “affiliate links” may generate income for our site when you click on them. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content.

While we work hard to provide accurate and up to date information that we think you will find relevant, CreditMashup does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. Here is a list of our partners who offer products that we have affiliate links for.

An Adverse Action Notice should be sent when a denial of credit occurs

Consumers should receive an adverse action notice when a denial of credit occurs giving you the opportunity to get a free credit report within 60 days.
credit denial adverse action notice
credit denial adverse action notice

A disclosure should be providcredit denial adverse action noticeed to consumers who are denied credit by a bank or lender.

An adverse action occurs when a bank or lender utilizes a credit report or credit score in making a decision to deny credit, change credit terms, raise interest rate or lower credit limit.

An adverse action notice discloses, at a minimum, information about the reasons you were denied or how you can obtain that information.

The format of the notice will differ from lender to lender but the notice will more than likely contain the following:


  • Name and address of the financial institution
  • The reasons for the denial or a disclosure of your right to request a statement of the specific reasons for the denial
  • Name, address and phone number of the credit reporting agency which supplied the credit report
  • Information on how to obtain a free credit report within 60 days after receiving the adverse action notice.

According to the Fair Credit Reporting Act and the Equal Credit Opportunity Act an Adverse Action Notice is sent when a credit report is used by a bank to deny credit to an applicant, make an unfavorable change in credit terms to an applicant or current borrower. The reasons why an adverse action occurs is based on information in a consumer’s credit history such as the following:

  • Late payments
  • Collection accounts
  • Judgment
  • Lack of credit history
  • Little to no credit experience
  • Numerous recent credit inquiries
  • A foreclosure
  • A repossession
  • Bankruptcy

If you receive any adverse decision based upon your credit history you should receive an adverse action notice. The notice will inform you how and where to get a free credit report but you must request the credit report within 60 days of the adverse action notice. Know where you stand before you apply for credit — Get your credit reports from Experian, Transunion and Equifax today.

Join the family!

Get expert tips, news, and resources delivered to your inbox weekly.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

Disclaimer: A OneUnited Checking Account is required to apply.

Explore More

Join the family!

Get expert tips, news, and resources delivered to your inbox weekly.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

Get In Touch

6080 Center Dr, 6th Fl
Los Angeles, CA 90045

© 2024 All Rights Reserved.