 TITLE: What Is an Adverse Action Letter? CONTENT: Avoid Applying Again Until You Can Assess the Situation\n-------------------------------------------------------\nGetting denied credit can feel like a personal attack, and you may be tempted to apply again immediately with a different lender. Until you know why you were denied, though, you could end up getting denied again and have an unnecessary hard inquiry added to your credit report.\nSo unless you need credit immediately, wait until you receive the adverse action letter in the mail so you have an understanding of the situation and know which steps you need to take to reduce the chance of getting denied again in the future. END