Reporting Negative Information to Credit Bureaus

If you report negative information to the credit bureaus (for example, when your customer pays late), you are required to give your customer a notice. The rule went into effect December 1, 2004, and requires that one of …

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Pulling Credit Reports Without Written Permission

Note:┬áIf you have written permission from the consumer you may always pull a credit report. The opinion excerpted below discusses the rules for pulling a report without written permission. In spite of this opinion, IADA recommends that you …

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Showing Credit Reports to Customers

Federal law specifically allows dealers to show a customer his or her credit report, however the dealer is not permitted to charge the customer. At one time, the credit bureaus prohibited users from showing customers their credit reports, …

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