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If World Financial Network National Bank sends you a letter saying you've been denied a credit card that you didn't apply for what do you do?
Wiki User
∙ 12y ago
First, be wary that this may be an attempted scam. Strange correspondance from generic sounding institutions should always throw up a red flag. A quick Google search shows several scam discussions regarding institutions with the same or similar names. Research the information contained in the letter for links to known or suspected scams, as well as any identifying information that may prove your letter to be legitimate. Once you have done this, try contacting the bank. DO NOT use the contact information provided in the letter until you feel that the letter may be real, and then be as careful as possible because many scams involve unsuspecting consumers calling foreign telephone exchanges and being charged huge fees.
If you do use the contact information in the letter do not provide anyone who answers the phone with your personal information. Name and or address should suffice with any legitimate bank. If the bank is real, find out how they received the application and if it was truly submitted fradulently under your name. If it was, contact each of the 3 credit agencies (Experian, Trans Union, Equifax).
Wiki User
∙ 12y ago
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What are some bad credit lenders?
A couple of bad credit lenders who typically loan to people denied by traditional banks are AmeriCash and Downs Financial.
How can you get denied for a secured credit card Is it not your money?
Financial institutions have their guidelines for extending credit - whether secured or unsecured. They are not required to extend these products to persons not meeting their guidelines.
How do you use the Federal Equal Credit Opportunity Act now?
The Equal Credit Opportunity Act (ECOA) was passed in 1974 and ammended in 1976. You dont "use" the ECOA per se unless you feel that you were denied credit in some form and that denial was based on something that the ECOA says you may not be denied for. Most reputable financial institutions and creditors follow the ECOA.
Does being denied for credit lower your credit score?
Yes. It is reported on your credit report.
Will your last name show misspelled in your credit reports if you misspelled your last name in a credit card application but the application was denied?
If your credit card application was denied, you do not have a credit card. You are not in the credit company's system. Therefore, you will not receive a report.
If you have accumulated bad credit while in college can you be denied financial aid?
You can be denied private loans, and grad plus loans for late payments on your credit history. If you default on a federal student loan, you will lose eligibility for all federal financial aid (including grants).
What are some bad credit lenders?
A couple of bad credit lenders who typically loan to people denied by traditional banks are AmeriCash and Downs Financial.
Are felons denied for credit?
Felons are not automatically denied for credit solely because of their criminal record. Credit decisions are based on several factors, including credit history, income, and debt-to-income ratio. However, having a felony conviction can make it more challenging to qualify for credit, especially if it has impacted their financial situation or creditworthiness.
How can you get denied for a secured credit card Is it not your money?
Financial institutions have their guidelines for extending credit - whether secured or unsecured. They are not required to extend these products to persons not meeting their guidelines.
If denied credit before eighteen does it affect your credit after you turn of age?
No. You were denied credit because 18-year olds cannot legally enter into a contract.
How do you use the Federal Equal Credit Opportunity Act now?
The Equal Credit Opportunity Act (ECOA) was passed in 1974 and ammended in 1976. You dont "use" the ECOA per se unless you feel that you were denied credit in some form and that denial was based on something that the ECOA says you may not be denied for. Most reputable financial institutions and creditors follow the ECOA.
Does being denied for credit lower your credit score?
Yes. It is reported on your credit report.
Are denied credit card applications shown in credit reports?
YES
Will your last name show misspelled in your credit reports if you misspelled your last name in a credit card application but the application was denied?
If your credit card application was denied, you do not have a credit card. You are not in the credit company's system. Therefore, you will not receive a report.
When are the consumers entitled to a free credit report from a credit bureau?
When you have been denied credit or annually.
3 reasons for denied credit Illegally?
because ..
Can you be denied unemployment benefits if you have bad credit?
In the UK, no.
