Who Can View My Credit Report?
According to the Office of the Attorney General of The United States, "Any business, individual, or government agency may request a credit report for its legitimate business needs involving a transaction with the consumer. Valid reasons for a company to review your credit report and credit score include: credit granting considerations; review or collection of an account; employment considerations; insurance underwriting; a potential partnership; security clearance; or lease. Reports may also be issued at the written request of the consumer or a court. "
Some of the companies, individuals, and organizations that can get a copy of your credit report (in order to make a credit worthiness or business-related decision pertaining to you) include:
o A company you hire to monitor your credit report for signs of identity theft
o Any government agency
o Any state or local child support enforcement agency
o Anyone who has your written authorization to obtain your credit report
o Current or potential landlords
o Employers and potential employers
o Groups considering your application for a government license or benefit
o Insurance companies
o Potential lenders (credit card companies, mortgage brokers, car dealerships, banks, financial institutions, etc.)
o Someone who uses your credit report to provide a product or service you have requested
Certain types of inquiries that don't involve you applying for new credit or a loan are called "soft inquiries." Although these are listed on your credit report, they do not impact your credit score. A "soft inquiry" might come from a potential landlord, a government agency, or a credit card company or mortgage broker doing market research without your knowledge to "pre-qualify" you as a cardholder or potential lender.
Because the information contained within your credit report is so important when it comes to obtaining credit and loans, it's vital that you take the steps necessary to insure the information on your credit report created by each of the three major credit reporting agencies is up-to -date and accurate. Furthermore, because having and being able to utilize credit has become such an important part of our culture, it's more vital than ever that as a consumer, you take steps to insure the information reported to the credit reporting agencies by your creditors and lenders is positive .