credit denial
Application turned down
Credit denial is a lender's refusal to extend credit to an applicant.
Banks, credit card companies, and other lenders deny credit based on factors like credit history, income, or debt levels.
In the United States, denied applicants must receive written notice explaining the reasons: The letter cited insufficient credit history as the basis for the credit denial.
- rejectionDenial of acceptance
- declinedRefused or diminished
- turned downRefused or rejected
- refusedDeclined to accept
- loanBorrowed money repaid later
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