Credit Denial? Know Your Rights

Consumer Bureau issues guidance to creditors

Andy Spears
3 min readJun 7, 2022

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Photo by Clément Hélardot on Unsplash

Finding out you’ve been denied credit can be frustrating. Often, the explanation you receive from a potential creditor is vague, relying on highly technical language. This is due in part to the complex mathematical formulas used to determine credit eligibility. These algorithms take into account a range of factors from available data…

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .