Checking your credit reports can help you understand what people or companies reviewing your credit might see. For example, reviewing your TransUnion credit report and your credit scores might help you learn whether you meet the minimum requirements to qualify for a mortgage and what range of auto...
The FCRA requires landlords, lenders, insurers, employers, creditors and other businesses to have a legitimate reason to ask for your credit report. If a business reason does not fall under the FCRA guidelines, permission to acquire a consumer’s credit report might not be granted. What does t...
Enacted June 29, 2024, the RIDTPPA resembles many other US data privacy laws, including its requirements surrounding consent, sensitive personal information processing, and consumer rights. The law, however, does feature several important differences. Notably, the law also lacks a cure period. If ...
8. Compliance with Legal and Regulatory Requirements:Tax credit screening must comply with applicable laws and regulations to ensure fair and non-discriminatory practices. Entities conducting credit screening need to adhere to legal frameworks, such as the Fair Credit Reporting Act (FCRA) in the Unite...
The data we provide to you may not be used, in whole or in part, to: make any consumer debt collection decision, establish a consumer’s eligibility for credit, insurance, employment, government benefits, or housing, or for any other purpose authorized under the FCRA. If you use any of ...
Pro-tip: In the absence of credit history, you might also consider requiring a largersecurity depositor advanced payment of rent. However, you’ll need to outline these criteria in your initial screening requirements and indicate this within theterms of your rental agreement. ...
The law lays out the requirements for valid authorizations and requires they contain specific information, such as a description of the purpose of the sale and the name and contact information of the person or entity that is purchasing the data. While limited to consumer health data this la...