Credit Application Disputes

Equal Credit Opportunity Act

The Equal Credit Opportunity Act ("ECOA") is a federal law that requires creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs.  This doesn't mean that all consumers who apply for credit will be approved.  Creditors may still consider factors such as income, expenses, and credit history to evaluate applicants, but they cannot discourage anyone from applying for credit. 

Creditors must notify consumer applicants of a credit decision within 30 days from the date of application.  Have applied for credit more than 30 days ago and:

• Never received notification of a credit approval or the loan? 

• Never received a written notice regarding the reasons for the credit denial? or

• Never received a notification of an incomplete application? 

If the answer to any of the above questions is yes, then  you may be entitled to compensation as provided by the ECOA. Please contact our office at 404-588-1181.
 

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