Who Can Check Your Credit
Who Can Check Your Credit Report.
Federal law carefully regulates how credit reports can be used and by whom. Individuals have the right to obtain their own reports. Businesses must meet several requirements before they can access credit information, including proof of permissible purpose under federal law and a signed contract requiring the business to use the data properly. These businesses also must have current business licenses and are subject to periodic inspections by the federal government.
Federal law carefully regulates how credit reports can be used and by whom. Individuals have the right to obtain their own reports. Businesses must meet several requirements before they can access credit information, including proof of permissible purpose under federal law and a signed contract requiring the business to use the data properly. These businesses also must have current business licenses and are subject to periodic inspections by the federal government.