Credit Headers - No More!

Discussion in 'Credit Talk' started by J. Edgar, Jun 20, 2000.

  1. J. Edgar

    J. Edgar Well-Known Member

    As of 12 November 2000, the CRAs will not be able to sell or otherwise provide credit header information without a permissible purpose as defined by the FCRA. The FTC has issued a ruling that this practice is inconsistant with the recent banking reform legislation.

    Expect lawsuits from the CRAs, Database companies, private investigators, and other perpetraitors of organized invasions of privacy.
  2. Steve1040

    Steve1040 Guest

    What are Credit Headers

    Please provide more detail
  3. spyguyjim

    spyguyjim Guest

    RE: What are Credit Headers

    "Credit headers" refers to a report that contains a person's name (plus aka's), address, telephone number, social security number, spouses name, employer and other identifying information located on a credit report. The information was sold to companies that used the information for such things as skip-tracing debtors, locating witnesses for civil matters, insurance fraud cases, and other legitimate purposes. They do not contain any credit specific information.

    They painted this one with a much too large brush if you ask me. We'll see how those lawsuits fair....

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