GUIDELINES

  1. Getting credit involves a rigorous process. Sometimes the creditor rejects an application. That's because someone makes a mistake in evaluating an applicant's qualifications. Sometimes the lender can't explain the reason to turn down the application. If that's the case with you, this letter will help you get a clear answer. It may also get you reconsidered for the credit.
  2. Accept the fact that your application was not accepted.
  3. Request a proper explanation for the denial.
  4. If you think that there might be some error in getting the right information to the creditor, then you should mention it.
  5. Request the creditor to review your application again.

SAMPLE LETTER

[Senders Name]
[Address line]
[State, ZIP Code]

[Letter Date]

[Recipients Name]
[Address line]
[State, ZIP Code]

[Subject: Normally bold, summarizes the intention of the letter] -Optional-


Dear [Recipients Name],

Thank you for getting back to me regarding my recent loan application. In your letter, you mentioned that it was being denied due to "poor credit history." I find this quite surprising, because first of all, this is the first large loan that I requested. Secondly, I do not have any outstanding debts. Could you please check again and explain to me how you reached this decision? I cannot help but think that some of the information you have received is inaccurate. Perhaps a review of my accounts will clarify matters. I appreciate any help you can provide me and look forward to hearing from you soon.

Sincerely,

[Senders Name]
[Senders Title] -Optional-

[Enclosures: number] - Optional -
cc: [Name of copy recipient] - Optional -