Company Credit Account Denial for Unfavorable Report

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

Applicant Information

{{applicant_name}}

{{applicant_address}}

Subject: Denial of Credit Account Application

Dear {{applicant_name}},

Denial Notification

Thank you for your recent application for a credit account with {{company_name}}. After careful review of your application and relevant credit information, we regret to inform you that your application for a credit account has been denied at this time.

Reason for Denial

This decision was based, in whole or in part, on information obtained from a consumer report prepared by:

{{credit_bureau_name}}

{{credit_bureau_address}}

{{credit_bureau_phone}}

The information from this report contributed to our decision. This adverse action was taken due to {{specific_reason_for_denial}} as indicated in your credit report.

Your Rights

You have the right under the Fair Credit Reporting Act to obtain a free copy of your credit report from the consumer reporting agency within 60 days of this notice. You also have the right to dispute the accuracy or completeness of any information provided by that agency. Please direct all inquiries regarding your credit report to the consumer reporting agency directly.

Non-Discriminatory Clause

This denial is not based on your race, color, religion, national origin, sex, marital status, or age (provided you have the capacity to contract), because all or part of your income is derived from any public assistance program, or because you have in good faith exercised any right under the Consumer Credit Protection Act.

Future Applications

We may be able to reconsider a credit account if there are significant changes to your credit profile or financial situation in the future. We encourage you to review your credit report and address any inaccuracies, and then reapply at a later date, such as in {{months}} months.

Contact Information

If you have any questions regarding this decision, please contact our credit department at {{credit_department_phone}} or {{credit_department_email}}.

Sincerely,

{{your_name}}

{{your_title}}