What is a consumer credit report?
The term “consumer report,” though, according to the Fair Credit Reporting Act, means “any written, oral, or other communication of any information by a consumer reporting agency bearing on a consumer’s credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living.” A credit report is just one type of consumer report. Consumer reports can include your medical history, tenant history, employment background checks, and past insurance claims. These specialty consumer reports can be used by employers, landlords, and lenders to establish a consumer’s eligibility for a job, an apartment, or a loan. Nationwide speciality consumer reporting agencies (not the major three credit reporting agencies), compile these other types of consumer reports. The FCRA entitles us to receive our free consumer reports, not just our credit reports, annually. You can obtain your free credit reports by visiting the government-sponsored site www.Annu
