Accessing Your Credit File

Your credit report is an extremely personal piece Piggy _bankof information that explains your credit history
in detail in a world where we rely heavily on credit to survive.
The good news is, not anyone can review this document, unless you
give them permission.  As a consumer, you can review your own
at any time without damaging your credit score and you
are entitled to a one free copy of your credit report annually from
all three credit bureaus at  Other parties
however, can only review your credit report if they have a
permissible purpose which is outlined in the Fair Credit
Reporting Act
(“FCRA”).  Below is a list of the entities
that can access your credit file if they have a permissible purpose
without violating the FCRA.

  1. Banks and credit grantors
    If you plan to borrow money from a bank, complete a loan
    application or apply for a credit card with any type of credit
    grantor, you must give them permission to access your credit
    file.  Your credit report gives them the information necessary
    to help determine whether or not to approve you, for what amount
    and at what interest rate. 

2.  Existing Creditors
Your existing creditors can access your credit file.  Having
an open account gives your creditors permission to review your
information to make sure you are still “credit worthy”.

3.  Your Employer
Your Employer whether existing or potential can access your credit
file but must have your express permission to do
so.  A recent amendment to the FCRA requires potential
employers to provide you with a detailed explanation of their right
and intention to access your file along with your rights under the

4.  Landlords
If you rent an apartment or home, a landlord whether potential or
existing may access your credit file to determine your ability to
pay rent.  

5.  Collection Agencies
A collection
to whom you owe money can access your credit file for
the purpose of collecting on the account.

6.  Insurance Companies
An insurance company with whom you hold a policy may access your
credit file to determine whether to renew an existing contract or
whether to issue a policy in the first place.  

SmithMarco, PC has been protecting
consumer rights since 2005.  If you feel your credit file has
been accessed by an illegitimate party without a permissible
purpose in violation of the FCRA, contact
, PC for a free case