This required section provides the names and addresses of both the Applicant and the lending agency. Press [Ctrl+F1] for more information.
This required section enables the Applicant to state exactly what the challenge is and the problems occurring with it. Press [Ctrl+F1] for more information.
This optional section enables the Applicant to describe the reasons why this action was taken. Press [Ctrl+F1] for more information.
This optional section enables the Applicant to request information in regards to the nature of the adverse information if the source was not provided. Press [Ctrl+F1] for more information.
This optional section allows the Applicant to be provided with a complete and accurate report of the investigation performed by the lending agency. Press [Ctrl+F1] for more information.
This optional section enables the Applicant to include additional information regarding the challenge. Press [Ctrl+F1] for more information.
This required section provides signature lines for both parties and contains optional phone numbers where the Applicant may be reached. Press [Ctrl+F1] for more information.
Times New Roman
Arial
Challenge to Denial of Credit
CHALDC
The Challenge to Denial of Credit letter is used to request the reasons for a denial of credit and/or challenge a negative response to a credit application or a termination of existing credit arrangements.
Denial of Credit
! !!! !!! !!!!
Enter an X if this is a joint challenge. Press [Ctrl+F1] for more information.
Enter a subject for this letter or edit the information as desired. If this field is left blank, it will not be printed. Press [Ctrl+F1] for more information.
Enter the name of the person or contact person at the company challenging the denial of credit (the "Applicant") or edit the information as desired. Use the P.I. Manager to select and paste a record. You may wish to refer to an attorney for assistance if other adverse action has been taken regarding your credit.
Enter an X to include the employment title of the Applicant at the company.
Enter the Applicant's employment title or edit the information as desired. For example, "Supervisor" or "Marketing Coordinator".
Enter the name of the Co-Applicant if this is a joint challenge. Use the P.I. Manager to select and paste a record.
Enter an X to include the employment title of the Co-Applicant at the company.
Enter the Co-Applicant's employment title. For example, "Supervisor" or "Marketing Coordinator".
Enter the personal title and name of the contact person for the company you are challenging ("lending agency"). Use the P.I. Manager to select and paste a record.
Using the format MM/DD/YYYY, enter the date of the letter or edit the information as desired.
CDC01
Denial of CreditDear
! Opening Section (1 of 7)
[NOTE: If you are denied credit the federal law requires that a reason be provided to you. If you believe you have been denied credit unfairly, or other adverse action relating to your credit has been taken, you may wish to refer this matter to an attorney for assistance.]
[Letterhead Information - Person/Contact Person at Company]
! [Company Name:]
!, ! !
[Inside Address - Lending Agency]
!, ! !
Re: !
Enter the name of the person or contact person at the company challenging the denial of credit (the "Applicant") or edit the information as desired. Use the P.I. Manager to select and paste a record. You may wish to refer to an attorney for assistance if other adverse action has been taken regarding your credit.
Enter an X to include the employment title of the Applicant at the company.
Enter the Applicant's employment title or edit the information as desired. For example, "Supervisor" or "Marketing Coordinator".
Enter an X if this is a joint challenge. Press [Ctrl+F1] for more information.
Enter the name of the Co-Applicant if this is a joint challenge. Use the P.I. Manager to select and paste a record.
Enter an X to include the employment title of the Co-Applicant at the company.
Enter the Co-Applicant's employment title. For example, "Supervisor" or "Marketing Coordinator".
Enter an X if the Applicant is a company.
Enter the name of the company that is challenging the denial of credit.
Enter the Applicant's street address or edit the information as desired.
Enter the Applicant's extended street address or edit the information as desired.
Enter the Applicant's city or edit the information as desired.
Enter the Applicant's state/province or edit the information as desired.
Enter the Applicant's zip/postal code or edit the information as desired.
Enter an X to include the Applicant's country, if outside the United States.
Enter the country or edit the information as desired.
Using the format MM/DD/YYYY, enter the date of the letter or edit the information as desired.
Enter the personal title and name of the contact person for the company you are challenging ("lending agency"). Use the P.I. Manager to select and paste a record.
Enter the contact person's employment title or edit the information as desired. For example, "Supervisor" or "Marketing Coordinator".
Enter the name of the company that denied the Applicant's credit or took other adverse action regarding the Applicant's credit. Use the P.I. Manager to select and paste a record. This entity will be referred to as the "lending agency."
Enter the lending agency's street address or edit the information as desired.
Enter the lending agency's extended street address or edit the information as desired.
Enter the city where the lending agency is located or edit the information as desired.
Enter the state/province where the lending agency is located or edit the information as desired.
Enter the zip/postal code or edit the information as desired.
Enter an X to include the country where the lending agency is located, if outside the United States.
Enter a subject for this letter or edit the information as desired. If this field is left blank, it will not be printed. Press [Ctrl+F1] for more information.
Enter a salutation or edit the information as desired. Add a colon or comma after the salutation if appropriate. NOTE: If this field or the following name field is left blank, they will not be printed; this feature allows you to customize the name and greeting.
The program completes the contact person's name by transferring the information from a previous section. You may modify the information without affecting earlier data. Add a colon or comma after the name if appropriate.
CDC02
! Problem Description Section (2 of 7)
[Select from 3 program-supplied paragraphs regarding the Denial of Credit, Termination of Accounts or Unfavorable Change in Credit Terms or compose your own paragraph.]
! [Denial of Credit] ! application for credit with you was made on !, for
! notified on !, that ! application has been denied.
! [Termination of Account] ! notified on !, of the termination of
! Account Number: !.
! [Unfavorable Change in Credit Terms and Other] ! notified on !,
! [Compose your own paragraph explaining the problem.] !
Enter an X if you have chosen Denial of Credit as the reason for this letter. You will be asked to state when you were notified of the denial of credit and the reasons provided for the denial.
Using the format MM/DD/YYYY, enter the date on which the application for credit was made.
Enter a brief description of the account or type of credit requested.
Using the format MM/DD/YYYY, enter the date on which you were notified of the credit denial.
Enter an X if you have chosen Termination of Account as the reason for this letter. You will be asked to state when you were notified of the termination of your account and the reasons given for the termination.
Using the format MM/DD/YYYY, enter the date on which you were notified of the termination of the account.
Enter a brief description of the terminated account.
Enter an X to include the terminated account number. This assists the company in locating your file.
Enter the terminated account number.
Enter an X if you have chosen Unfavorable Change in Credit Terms as the reason for this letter. You will be asked to include a paragraph regarding unfavorable changes in credit terms.
Using the format MM/DD/YYYY, enter the date on which you were notified of the changes.
Enter a brief description of the changes made in the credit terms and what makes them unfavorable.
Enter an X to compose your own detailed paragraph explaining the reason for writing the letter.
Use this space to explain the reason for writing this letter.
We were
I was
We were
I was
We were
I was
CDC03
! Optional Reason for Action Section (3 of 7)
Please provide additional information as to why the above adverse action was taken.
Enter an X to include a paragraph stating the reasons given by the lending agency for its action.
Use this space to describe the reasons given by the lending agency for its action. For example, "You indicated that this action was taken because..."
Enter an X to include a program-supplied sentence requesting additional information as to why the above described action was taken.
CDC04
! Optional Adverse Action Section (4 of 7)
[Select this paragraph if the action taken was based on adverse information, and the source of the adverse information was not given.]
Please advise if the adverse action was based in whole or in part on information contained in a consumer credit report or on information obtained from a source other than a consumer reporting agency. If the adverse action was based on information from a source other than a consumer reporting agency, please indicate the nature of the adverse information, such as ! credit worthiness, credit standing, credit capacity, character, general reputation, or personal characteristics.
Enter an X to include a program-supplied paragraph requesting information on the nature and source of the adverse information.
CDC05
! Optional Investigative Report Section (5 of 7)
[Select this program-supplied sentence if the lending agency has indicated that an investigative report has been undertaken.]
! have been advised that an investigative report will be undertaken. Please provide a complete and accurate description of the nature and scope of this investigation.
Enter an X to include a program-supplied sentence requesting a complete and accurate description of the nature and scope of the investigation that will be undertaken by the lending agency.
CDC06
! Optional Additional Information Section (6 of 7)
! In response to the reason given for this !, ! would like to provide additional information.
[Compose your own paragraph.]
Enter an X to include a paragraph that provides additional information in response to the reasons given by the lending agency.
Enter an X to include this sentence regarding additional information.
The program completes the type of challenge by transferring the information from a previous section. You may modify this information only by returning to the opening section.
Enter any additional information in response to the reasons given by the lending agency.
CDC07
Sincerely,Copy to:
! Closing Section (7 of 7)
! Your review of this matter would be appreciated. Please respond at your earliest convenience regarding the results of your review.
! [Compose your own closing paragraph.]
If you have any questions or need additional information, please contact ! at the above address.
! ! can also be contacted by phone at
! extension !
! or
! !
! extension !
! A fax can be sent to !.
! [Optional attachment, enclosure, and carbon copy lines.]
Enter an X to select a program-supplied sentence requesting that the lending agency respond at their earliest convenience. Press [Ctrl+F1] for more information.
Enter an X to compose your own closing paragraph. Press [Ctrl+F1] for more information.
Use this space to close the letter and request a response. A closing should state additional information that was not previously mentioned. Press [Ctrl+F1] for more information.
Enter an X to request that the Applicant be contacted by mail, phone, and/or fax.
Enter an X to include phone numbers where the Applicant can be reached.
Enter an X to include a phone number at which the Applicant can be reached during non-business hours.
Enter the non-business phone number or edit the information as desired.
Enter an X to include a phone extension number.
Enter a phone extension number or edit the information as desired.
Enter an X to include a phone number at which you can be reached during business hours.
Enter the business phone number or edit the information as desired.
Enter an X to include a fax number.
Enter a fax number or edit the information as desired.
Enter a closing or edit the information as desired.
The program completes the name of the Applicant by transferring the information from a previous section. You may modify this information only by returning to the opening section.
The program completes the checkbox to include information regarding the Applicant by transferring the information from a previous section. This information may be modified without affecting earlier data.
The program completes the Applicants's employment title by transferring the information from a previous section. This information may be modified without affecting earlier data.
The program completes the checkbox to include the name of the Co-Applicant by transferring the information from a previous section. You may modify this information only by returning to the opening section.
The program completes the name of the Co-Applicant by transferring the information from a previous section. You may modify this information only by returning to the opening section.
The program completes the checkbox to include information regarding the Co-Applicant by transferring the information from a previous section. This information may be modified without affecting earlier data.
The program completes the Co-Applicant's employment title by transferring the information from a previous section. This information may be modified without affecting earlier data.
Enter an X to include a listing of attachments, enclosures, or copies.
Enter a copy/enclosure notation or edit the information as desired. For example, "Attachment", "Enclosures", or "Copy to:".
Use this space to enter corresponding information. For example, a description of the enclosure(s) or the name of the party receiving a copy.
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