Specific guidelines regulating when your credit data can be reviewed and by what type of business. These guidelines are part of the FCRA laws.

Refers to the purposes permitted by law under which a credit report can be issued to a third party. This includes credit transactions, employment purposes, court orders, legitimate business purposes etc.

A purpose for which a credit reporting agency may furnish a credit report on you to a third party. Credit reports cannot be furnished unless there is a permissable purpose for the report as defined in Section 604 of the Fair Credit Reporting Act.

The legally acceptable purpose(s) a creditor or organization has to obtain a person’s credit report. Example: When you apply for credit, you are giving your potential creditor the legal right to obtain your credit report.

As defined in Section 604 of the Fair Credit Reporting Act, only specific reasons for requesting a credit report are deemed "permissible." Requests not meeting this criteria must be denied. Back to Glossary Index

Legally allowable purposes for inquiring about a consumer's personal information. These purposes include legitimate business needs such as housing or employment applications of the consumer, credit transactions, court orders and subpoenas.

The particular circumstances under which a consumer credit report may be disclosed by a credit bureau in accordance with the Fair Credit Reporting Act.

As defined in the Data Protection Act, only specific reasons for requesting a credit report are deemed "permissible." Requests not meeting these criteria must be denied.