Volume 9, Edition 8, August 2013
 

This Month’s Challenge is sponsored by:


  		 
 
 

Correct!

The Answer is (C). Under Section 604(a)(3)(A) it is proper to provide a consumer report related to debt collection on a credit transaction. For example, a debt collection related to a judgment for damages incurred in a car wreck would not be a permissible purpose under the FCRA.

Question:
A debt collection business approaches you about becoming a customer. Is debt collection a "permissible purpose" so as to allow this business to obtain a consumer report under the FCRA?

A. Yes.

B. Yes, so long as the company does not use the consumer report for any other purpose.

C. Yes, but only if the debts are credit debts.

D. No.




 

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