You should use this New Business Announcement for Use with Credit Application if you’ve recently opened a new business and want to begin
bringing in new customers right away!
This letter will let prospective customers know who you are, what you do and while you’re at – invite them to apply for your business Credit Card!
You can’t just sit around and wait for customers to find you.
Instead, reach out to them – especially in the beginning.
You can use this New Business Announcement for Use with Credit Application as is, or add additional details as needed.
[name of credit reporting agency] is a "consumer reporting agency" and, under the Fair Credit Reporting Act, must report information in a manner that is fair and equitable to consumers.
The Fair Credit Reporting Act gives you the right to have incomplete or incorrect information re-investigated by [name of credit reporting agency], unless the request is of a frivolous nature. If the information is found to be inaccurate or cannot be verified, you have the right to have such deleted from your file.
If you dispute information [name of credit reporting agency] has in their file, and such dispute cannot be resolved, you have the right to have your version of said dispute placed in your file and included in future consumer reports.
You have the right to be notified whenever information reported by [name of credit reporting agency] results in a denial of credit or an increase in the cost of credit to you.
You also have the right to disclosure, by telephone or in person and upon proper identification, of the nature and substance and the names of sources of the information in your file.
[name of credit reporting agency] will provide you with a copy of all information in your file, by mail, upon your request of same.