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FCRA – Permissible Purpose

Answered by: 

Question: 
Why is a permissible purpose needed to get someone’s credit report?
Answer: 

The rule is in place to add a degree of privacy to the persons file and reduce the number of inquiries which could be detrimental to their score and credit availability.

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Common Compliance Violations – Your 2021 Update webinar.

First published on 01/24/2021

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