LAWDOG CREDIT REPORTING DICTIONARY

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Every consumer reporting agency must, upon request, and upon presentation of proper identification (see conditions of disclosure) "Clearly And Accurately Disclose To The Consumer":

(1) all information in the "file" except credit scores, risk scores or predictors;

(2) all sources of information except those used solely for investigative consumer reports;

(3) identification of prior recipients of consumer report. In the case of a consumer report used for "employment purposes", all persons who received it within past 2 years of request. If the report was used for other purposes, such as applying for a car loan, the consumer reporting agency must identify prior recipients of the report within the past 1 year of request;

(4) identification of all checks by supplying "the dates, original payees, and amounts of any checks upon which is based any adverse characterization of the consumer included in the file at the time of the disclosure";

(5)a record of all inquiries received by the agency during the 1-year period preceding the request that identified the consumer in connection with a credit or insurance transaction that was not initiated by the consumer.

A written summary of rights must be included (see Summary of Rights). The term "file," when used in connection with information on any consumer, means all of the information on that consumer recorded and retained by a consumer reporting agency regardless of how the information is stored.

A copy of The Fair Credit Reporting Act, As Amended, and a copy of the FTC Official Staff Commentary to the Fair Credit Reporting Act are included under "Fair Credit Reporting Resources", available from LAWDOG Credit Reporting Center, or here. Use browser return button to return. Read Notices, Caution and Disclaimer. For more information, see "Disclosure of File To Consumer" linked here. Link does not return to this page.

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