Did You Know #81

If you are refused credit or finance as a result of your credit rating, the credit provider MUST tell you IN WRITING:

(i) that the application has been refused; and
(ii) that the refusal was based wholly or partly, as the case requires, on information derived from a credit report relating to that individual that a credit reporting agency has given to the credit provider; and
(iii) the name and address of the credit reporting agency; and
(d) notifying that individual of his or her right under this Act to obtain access to his or her credit information file maintained by the credit reporting agency.

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