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Credit reports are a gold mine of
information about consumers. They contain Social Security number, date of birth,
current and previous addresses, telephone number (including unlisted numbers),
credit payment status, employment, even legal information. Ordering your credit
report once a year and knowing your credit reporting rights are among the most
important steps you can take to safeguard your privacy.
The federal Fair Credit Reporting
Act (FCRA) as well as state laws restrict who has access to your sensitive
credit information and what uses can be made of it. These federal and state laws
also set the standards for the operation of credit reporting agencies, called
"CRAs" or "credit bureaus." The CRAs have also adopted
voluntary guidelines to improve consumer services. Significant changes to the
FCRA became effective in October 1997, and are included here. To learn more
about the 1997 amendments to the FCRA, see www.privacyrights.org/fs/fs6acrdt.htm
Source: Privacy Rights Clearinghouse
These questions and answers are provided for IowaMotors.com users' general information.
Although we make every effort to insure accuracy in the information provided, we cannot make
any guarantees as to this accuracy. We urge you to consult your lawyer, accountant or tax
advisor for specific legal or tax advice.
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