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MANAGING CREDIT TUTORIAL

Under the Equal Credit Opportunity Act

You must be notified within 30 days after your application has been completed whether your request for credit has been approved or not
If credit is denied, you must be notified in writing

Specific reasons must be given or you must be told of your right to ask for an explanation

TIP

What to do if you are denied credit - First, be sure to find out why. That often means asking for an explanation when you receive notification. It may be something simple (like not being employed or living long enough in the community), or it may be that you have too many outstanding debts. The key: find out so that you can know what to do in the future to get approved



Jump to:
1.	Introduction	11.	Purchasing a Credit Report
2.	Why You Need a Credit History?	12.	How to Correct a Credit Rating
3.	Consequences of Bad Credit	13.	How Creditors Rate You
4.	Glossary of Credit Terms	14.	4 Key Credit Tips
5.	Credit - The First Step	15.	3 Things you Don't Want to Do
6.	How Creditors Get Information	16.	How to Spot Bad Credit
7.	What Your Credit Report Says	17.	How to Get on the Right Track
8.	What's In Your Credit Report?	18.	Your Credit - An Overview
9.	Credit Report Exercise	19.	If You're Denied Credit
10.	Free Annual Credit Report	20.	Consumer Protection Laws
		21.	Credit Review

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