Fair Credit Reporting Act Terms Defined. What is a “Consumer Report”?
By Kevin Gipson, New Orleans Consumer Attorney on Jun 1, 2008 in Credit Reporting, Personal Finance, Uncategorized
A “Consumer Report” is a report that bears upon a consumer’s creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living.
A consumer report can be transmitted by oral, written or other means of communication.
Information contained in a consumer’s file with a credit reporting agency is not a consumer report until it is communicated to a third party.
Because of the broad definition of a consumer report, virtually any information about a consumer released by a credit reporting agency to a third party qualifies as a consumer report.
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