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Obtaining Credit Bureaus for Our Auto Dealers
Answer by Dan Persfull, BOL Guru
Guru Bios
Question: We have a finance based auto lead generation site. We're being asked if we can do a soft pull of credit for our dealers. However, we're not a lender. How can we get permissible purpose to conduct a soft pull on behalf of our dealers and get this information from the bureaus?
Answer: That's a good question to discuss with a credit reporting agency representative. I don't see where you would have, or could establish, a permissible purpose.
First published on BankersOnline.com 4/28/08
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