Loan Deposits

Who can access your report and for what reasons is decided by The Fair Credit Reporting Act (FCRA). People such as finance lenders, landlords, credit card companies and other businesses are allowed to view your credit report.  Each of these groups must have a “permissible reason” to view your report. In order to send you offers for pre-approved credit cards in the mail, companies can also get your name and address from credit bureaus. They have a set of guide lines they use to screen consumers in order to come up with a list of possible customers.

If you choose not to have your name sold to these companies, you can “opt out” by either writing to the major credit bureaus or by calling 888-5-OPTOUT (888-567-8688). This will remove your name for two years from mailing and telemarketing lists that come from TransUnion, Equifax, Experian, and INNOVIS. You can request copies of your report  regularly so you can correct any mistakes. According to a 1998 study, “Mistakes Do Happen,” conducted by the Public Interest Research Group, 29 percent of consumer credit reports had errors hurtful enough to cause denial of credit, insurance, etc.