Reply
Established Contributor
Posts: 855
Registered: ‎06-29-2010
0

Best Available Terms

If you don't receive the best available terms, are they required to tell you why? For example, if you received a higher interest rate.

 

I'm pretty sure they have to give you a credit score, if one was pulled. I know you can request a copy of your credit report for free, but I'm not sure if the issuing bank is required to tell you why.

Epic Contributor
Posts: 25,173
Registered: ‎10-23-2007
0

Re: Best Available Terms

yes, I actually just got a letter on my new PayPal MC I believe sayingn we will be sending a letter of why you did not receive our best APR... that was actually the first I had heard of it... still worthless to me, it's like why you were denied, the computer picks them... when I use to do mortgages way back when we had to send them 3 reason why we denied... well I worked for a broker, we didn't actually deny the banks we worked with did... now I understood why they were denied so I could click actually things that made sense but I had about 15 reasons to click and only needed 3! it's like auto feedback on Ebay!!! "Thanks Great Buyer, come back soon!" sure they only paid 14 days after they won auction, would I personally say good buyer? no but the system says yes based on any payment coming through!

Fico Scores: EQ- 670., TU 710 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
95 Cards and Counting :smileytongue:
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.