15 Credit Rights You Didn't Know You Had

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Figure 7: Know the reason behind the rejection of your credit application   www.money.usnews.com
Figure 7: Know the reason behind the rejection of your credit application
www.money.usnews.com
  1. Right to know the reason behind rejection

When you fill a credit application, you have the right to know whether it was accepted or rejected in just 30 days of submitting the form. And, if it was rejected then you can confirm the reason behind the denial, if you ask within 3 months of filing the application. The credit issuer must give you a specific reason behind the rejection, like your income is insufficient, or you are unemployed for a long time.