The Fair Credit Reporting Act requires all parties to have a permissible purpose for gaining access to someone's credit report. Examples of permissible purpose include: written instructions of the consumer, a court order, or a subpoena issued in connection with proceedings before a Federal grand jury. Permissible Purposes also include use in connection with a credit transaction involving the consumer and involving the extension of credit to, or review or collection of an account of the consumer.
As defined by the Federal Fair Credit Reporting Act, and various state regulators, the circumstances under which a third party may obtain a consumer credit report. Permissible purposes include credit transactions, employment purposes, insurance underwriting, government financial responsibility laws, court orders, subpoenas, written instructions of the consumer, or legitimate business needs.
As defined in section 604 of the Fair Credit Reporting Act, only the named reasons for requesting a credit report are deemed "permissible". Requests not meeting these criteria must be denied.
Legally valid reasons for requesting or granting access to a credit report. For more information see the Credit Center section.
Permissible purposes refers to the only reasons you may request a credit report, including credit transactions, employment purposes, insurance underwriting, government financial responsibility laws, court orders, subpoenas, legitimate business needs, etc.
As defined in each Provincial Act is the outlining of the only the named reasons for requesting a credit report which are deemed "permissible". Requests not meeting these criteria must be denied.
Permissible purposes are guidelines set out in the FCRA that outline the allowable reasons for requesting a copy of a credit report. One of those reasons is if you’re a victim of identity theft.
Permissible purposes are the only reasons you can request a copy of your credit report.
There are legally defined permissible purposes for a credit report to be issued to a third party. Permissible purposes include credit transactions, employment purposes, insurance underwriting, government financial responsibility laws, court orders, subpoenas, written instructions of the consumer, legitimate business needs, etc.
