OFAC ALERT – HAVE YOU APPLIED FOR CREDIT AND BEEN DENIED?

Have you applied for credit and been denied because your credit report had a OFAC alert?  Keep reading….An OFAC alert is an alert given to your potential creditors (landlords, car dealers, credit card companies) when your name matches a name on the Treasury Department’s Office of Foreign Assets Control (OFAC) watch list.  The persons named on the OFAC list are generally forbidden from conducting business with individuals and businesses.  The OFAC list includes persons on its Specialty Designated Nationals and Blocked Persons List (SDN List).  If you are named on the SDN list and your landlord gets a credit report with a OFAC alert, the landlord is not supposed to rent you property.  Likewise, if you are trying to buy a car and the finance department pulls your credit and it shows a OFAC alert you will not be able to purchase a car.

So what can you do?  If you have been denied credit because of a OFAC alert and you do not believe you should be on the SDN list, then contact us for a free case review. 

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