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In Response To:
Thread Starter: Anonymous
Title: Re: Adverse Action Help

Applicant wants to borrow money and use a car as collateral. Credit is run and clean. Car, however, has little value and will not support loan. Loan is denied. Adverse Action shows Credit bureau information.

Would it be correct to show credit bureau information if that did not play a role in your decision?

I believe it should not show credit bureau information but rather the third party language from Section 615 of the FCRA, but then again, I am not sure because collateral value is not one of the critera - credit worthiness, credit standing, credit capacity, character, general rep, personal characteristics, or mode of living (unless you could put it under credit capacity or standing). If you don't use this language and you don't put the credit bureau info, would you have nothing for the FCRA information part?