See below for some general guidance you may use to create your consent document. Please always consult your legal counsel when creating any legal forms.
Here is language you may use to create your consent document. It's our understanding that the bureaus are comfortable with this language: You understand that by signing below you are providing 'written instructions' to [Company] under the Fair Credit Reporting Act, authorizing [Company] to obtain information from your personal credit profile or other information from Equifax and/or TransUnion. You authorize [Company] to obtain such information solely to conduct a pre-qualification for credit.
The only other thing that needs to be on that document is your company letterhead, room for the client to put their name and address (if not already collected), and a name/signature line.
A couple of pointers:
- The consent shouldn't be lumped in with other consents
- The language should be clear and conspicuous on the page
- There shouldn't be any text between the credit consent language and the signature line