Subject: Important Notice Regarding Your Recent Application
Dear [Applicant’s First Name],
Thank you for your recent application with Lob Financial. After careful review, we regret to inform you that we are unable to approve your application for [Product/Service Name] at this time.
This decision was based on the following:
[Reason for Adverse Action – e.g., credit information, insufficient income, incomplete application, etc.]
[Reason for Adverse Action – e.g., credit information, insufficient income, incomplete application, etc.]
Important Information About Your Rights:
If this decision was based in whole or in part on information provided by a consumer reporting agency, please note:
Consumer Reporting Agency Contact Information:
[Agency Name]
[Agency Address]
[Agency Phone Number]
[Agency Website]
[Agency Address]
[Agency Phone Number]
[Agency Website]
- The reporting agency did not make the decision and cannot explain why the decision was made.
- You have the right to obtain a free copy of your consumer report from the agency within 60 days of receiving this notice.
- You also have the right to dispute the accuracy or completeness of any information in your report.
If you have questions about this decision or would like more information, please contact us at [Phone Number] or visit [URL].
Thank you for considering Lob Financial. We appreciate your interest and welcome the opportunity to serve you in the future.
Sincerely,
[Your Name]
[Your Title] Lob Financial
[Your Name]
[Your Title] Lob Financial