Permissible Purpose

[MidnightVoice]

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Timothy wrote:

Ads this the section that has giving collection

agencies the ability to collect - the 9th District

courts have detrimined this must be from a credit

transaction.

§ 604. Permissible purposes of consumer

reports

[15 U.S.C. § 1681b]

§ 604.(a)(3)(A) intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be

furnished and involving the extension of

credit to, or review or collection of an account of, the consumer; or

In your quote: Either the customer

must intitiate it or to AR
The Gowen opinion letter http://www.ftc.gov/os/statutes/fcra/gowen.shtm
Closed ended accounts- Don't have PP on AR
Nor do closed accounts have PP to AR
As Collection account MUST be reported as closed accounts- they do not have PP under this section-  

§ 604.(a)(3)(F) otherwise has a legitimate

business need for the information

(i) in connection with a business transaction that is initiated by the consumer; or

(ii) to review an account to determine whether the consumer continues to meet the terms of

the account.

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Message Edited by MidnightVoice on 03-02-2008 02:31 PM

[Anonymous]

LOL

[haulingthescoreup]

All right, smarty pants! Now I'm blinded! sheesh

[MidnightVoice]

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haulingthescoreup wrote:
All right, smarty pants! Now I'm blinded! sheesh

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There is no pleasing some people 

[Anonymous]

lmao