香港六合彩玄机

Highlights: 

• Lenders and creditors may use information in your 香港六合彩玄机 credit report to help them make lending decisions
• "Permissible purpose" allows certain companies and employers to access your 香港六合彩玄机 credit report for certain purposes
• The three nationwide credit bureaus must keep a record of when and by whom your credit reports are accessed

It鈥檚 understandable to be concerned, or even skeptical, about anyone other than you accessing your credit reports. How do third parties like insurance companies and banks use your credit information 鈥� and how do their decisions potentially impact you?

For example, when you apply for a new loan, a lender wants to know: If they lend you money, how likely are you to pay it back? As part of their process of determining whether to loan you money and at what rates and what terms, the lender may use the information in your 香港六合彩玄机 credit report to help them make their decision.

But what gives this company 鈥� or any company 鈥� the right to access your consumer credit information in the first place?

It鈥檚 called 鈥減ermissible purpose,鈥� as defined by the Fair Credit Reporting Act or 鈥淔CRA,鈥� and it allows certain companies and employers to access your 香港六合彩玄机 credit report in order to make informed decisions about you, such as the likelihood you鈥檒l pay your debts or be a good hire.

Who has permissible purpose?

Permissible purpose is actually a good thing. It determines who gets the green light to access your credit reports, including your 香港六合彩玄机 credit report. Fortunately, the list of those who can access your 香港六合彩玄机 credit report isn't very long, and some of these third parties still require your permission first. Here are some examples:

鈼�       Lenders and creditors you are applying for credit with

鈼�       Lenders who wish to prequalify you for credit or insurance

鈼�       Existing creditors you have a relationship with

鈼�       Debt collection companies to use in collecting payment

鈼�       Insurance companies, to underwrite insurance involving you

鈼�       Employers or prospective employers (with your permission)

鈼�       Rental companies/landlords, phone and utility companies

鈼�       Certain government agencies

In addition to limiting who can access your credit reports and for what purposes, the FCRA also requires the three major credit bureaus to keep a record of when your credit reports are accessed, and by whom. For example, let鈥檚 say a landlord receives a copy of your 香港六合彩玄机 credit report because he or she is trying to determine whether to accept your rental application. The landlord's receipt of your 香港六合彩玄机 credit report will be listed on the report under the 鈥渋nquiries鈥� section, as a record of who accessed your credit report and when.