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Credit Report for Suspicious Activity

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If an individual only has a checking account, and you want to run a credit report to check something for suspicious activity, are you allowed to do so and by what reg?

Follow this link to section 604 of the Fair Credit Reporting Act which describes the "permissible purposes" which allow you to obtain a consumer a report. Paragraph (a)(3)(F)(ii) says one "legitimate business need" is to review an account to determine whether the consumer continues to meet the terms of the account.

That is as close as I can get you to having the ability to pull a consumer report for the purpose of investigating suspicious activity. Frankly, I don't think it's close enough; I would advise against it.

First published on 9/29/03

First published on 09/29/2003

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