Interference With Expectancy of Credit

David A. Szwak

Interference With Expectancy of Credit

Postby David A. Szwak » Mon Jan 23, 2006 10:05 pm

is akin to interference with a prospective [or actual] contractual relation. Even the application for credit is a contract between consumer and lender. It is an agreement to consider and evaluate the application for decisioning on whether to grant credit or not. Implied is a requirement of good faith and fair dealing and express are the laws regarding non-discrimination, etc.

Thus a bad credit report interferes with your expectancy of credit but also interferes with the application evaluation.

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