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The Fair Credit Reporting Act (FCRA) , 15 U.S.C. § 1681 et seq., governs access to consumer credit report records and promotes accuracy, fairness, and the privacy of personal information assembled by Credit Reporting Agencies (CRAs).
A credit reporting company generally can report most negative information for seven years. Information about a lawsuit or a judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer.
Information provided by you will be furnished to the consumer reporting agency in order to obtain information in connection with personnel security screening to determine (1) Pre- Employment; (2) Suitability or fitness for employment; and/or (3) Security clearance or access.
If you identify an error on your credit report, you should start by disputing that information with the credit reporting company (Experian, Equifax, and/or Transunion). You should explain in writing what you think is wrong, why, and include copies of documents that support your dispute.
A credit report authorization form is a document used to give permission to an individual or organization to perform a credit report only.
The FCRA specifies those with a valid need for access. ? You must give your consent for reports to be provided to employers. A consumer. reporting agency may not give out information about you to your employer, or a potential employer, without your written consent given to the employer.
Pertaining to Consumer Reports By signing this form, you are giving consent to have your consumer/credit reports furnished by consumer reporting agencies as part of an investigation to determine your suitability or fitness for federal employment or fitness to perform work under a contract.
I, the undersigned?????????????????????. (Name & surname) do hereby authorise the financial institution appointed by (Name of appointing organisation) to conduct credit checks on my profile in order to conduct a complete financial analysis of my affairs, for the purposes of providing me with credit related services.