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Permissible Purpose Letter

The author received a notice from their credit report that a bank obtained their credit file on a specific date, though the author did not recall applying for credit or employment with that bank. The author cites sections of the Fair Credit Reporting Act that indicate any entity obtaining a credit report without a permissible purpose is liable to pay actual damages or $1000 to both the consumer and credit reporting agency. The author requests the bank provide their permissible purpose for obtaining the report by a specified date, or pay $1000.

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4K views1 page

Permissible Purpose Letter

The author received a notice from their credit report that a bank obtained their credit file on a specific date, though the author did not recall applying for credit or employment with that bank. The author cites sections of the Fair Credit Reporting Act that indicate any entity obtaining a credit report without a permissible purpose is liable to pay actual damages or $1000 to both the consumer and credit reporting agency. The author requests the bank provide their permissible purpose for obtaining the report by a specified date, or pay $1000.

Uploaded by

FreedomofMind
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Your Name Your Address City, State Zip Your Bank Legal Department November 7, 2002 To whom it may

concern: As per my Equifax credit report, your company obtained my credit file on 7/19/02. I don't recall applying for credit or employment with <your company>. From the FCRA 616. Civil liability for willful noncompliance [15 U.S.C. 1681n] "(b) Civil liability for knowing noncompliance. Any person who obtains a consumer report from a consumer reporting agency under false pretenses or knowingly without a permissible purpose shall be liable to the consumer reporting agency for actual damages sustained by the consumer reporting agency or $1,000, whichever is greater." From the 1998 FTC opinion letter Greenblatt at http://www.ftc.gov/os/statutes/fcra/greenblt.htm: "Any person who procures a consumer report under false pretenses, or knowingly without a permissible purpose, is liable for $1000 or actual damages (whichever is greater) to both the consumer and to the consumer reporting agency from which the report is procured." Please explain your permissible purpose for your obtaining my credit file. Should you not have a permissible purpose, please arrange for payment of $1,000 by November 15, 2002. Please respond via fax to (555) 555-1212. Sincerely, Your Name

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