What is permissable purpose?
Permissible purpose is defined by the Fair Credit Reporting Act (FCRA) as a reason that a consumer reporting agency may furnish a consumer report to any person or organization.
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What if I do not have a permissible purpose, can I still pull credit?
No, under the FCRA you need a permissible purpose and the consumer's consent to pull their credit file. Ready to Get Started? View Pricing & Pick Your Plan Need Assistance? Submit a Ticket or Call Us at (760) 579-6171 Access Your Account Login to ...
What are the most common permissable purposes under the FCRA?
Extension of credit, background screening, and other legitimate business needs. Ready to Get Started? View Pricing & Pick Your Plan Need Assistance? Submit a Ticket or Call Us at (760) 579-6171 Access Your Account Login to iSoftpull iSoftpull (760) ...
What items do you need to verify my permissible purpose to pull credit?
It varies on a case-by-case basis but one of our onboarding specialists will be happy to walk you through the items needed based on your business and the specific use case for pulling credit. Ready to Get Started? View Pricing & Pick Your Plan Need ...
What due diligence items do you need?
We ask for items that verify your business, your permissible purpose (under the FCRA) to pull credit, and your ability to capture and store your consumer's consent. Ready to Get Started? View Pricing & Pick Your Plan Need Assistance? Submit a Ticket ...
Telephone Consent
Capturing consent over the phone is the best option for many of our clients as their first point of contact with their consumers is a phone call. Especially businesses with a call center. In most cases the earlier in your process you can get a ...