01 Jun What Is A Consumer Report?
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.
Latest posts by Kevin Gipson, New Orleans Bankruptcy Attorney (see all)
- Donald Trump Business Bankruptcies. A Summary. - January 20, 2017
- The Reverse Mortgage. What You Need To Know! - April 24, 2016
- Payday Loans: Myths and Facts! - February 21, 2016
- Medical Credit Cards: The Good, The Bad, And The Ugly - October 14, 2013
- Will Obamacare Reduce Bankruptcy Filings? - October 1, 2013