How To Use
You are entitled by law to a free credit report from the agency or agencies used by a creditor that turns you down for credit, as long as you request the report within 30 days of rejection.
Therefore, your best response to a turndown is to write immediately to the credit-reporting agency and get a copy of the credit report.
There are three major credit agencies and they are listed on the above letter in a “cc” format so you can send the request to all three at the same time. These agencies change their policies from time to time. On occasion, one or more of them have made it a standard practice to send a consumer a free report if requested no more than once a year. Therefore, you are advised to try for the report for free. If you must pay for it, the charge will be $15 or less.
Credit reporting has become increasingly accurate over the last decade as computer systems have become more powerful and the data entered and updated, more accurate. Nevertheless, you are advised to get a copy of your report so you can dispute any bad credit reports that are false. This approach can only help your situation and in no way damage it.
Note: If you want a report, and were not turned down, simply write or call for a report and ask them to bill your credit card for the charges.