How To Get A Consumer Report Authorization Background Check Form.

Do you know your credit score? I bet you probably do.

I too bet you probably know how to go your credit report for free each twelvemonth from each of the three major credit bureaus.

The Fair Credit Reporting Act is the name near people are familiar with. But did you know that the Off-white and Authentic Credit Transaction Act (2003) was the bill that gave y'all that admission? It also gave y'all access to the reports of other specialty consumer reporting agencies, not just the credit-related ones.

For example, have you heard of the visitor ChexSystems? You may take a ChexSystems score, which is used by banks to decide whether to let you open an account. (some banks don't use ChexSystems)

How about your gaming record? VIP Preferred keeps track of your history to help casinos make up one's mind whether to give yous check-cashing settlement services.

And utilities? National Consumer Telecom & Utilities Exchange keeps track of "new telecom and utility connect requests, account and payment histories including delinquencies and charge-offs, associated with telecommunications, pay Boob tube, and utility (electric, gas, h2o) services to help companies in these industries manage customer relations."

There'due south fifty-fifty one that may have your prescription purchase history. These reports are everywhere.

With all these specialty consumer reporting agencies, it is at present possible for you to give your finances a background check. Y'all tin find out what other companies and people tin learn about y'all and your coin… and more importantly, fix any errors. Other people are doing this to acquire more than about you and make certain decisions, you need to check up on this to make sure what they run into is accurate.

Tabular array of Contents

Chief Listing of Consumer Reporting Agencies
Nationwide consumer reporting companies
Employment screening
Tenant screening
Check and cyberbanking screening
Personal belongings insurance
Medical
Low-income and subprime
Utilities
Retail
Supplementary reports

Master List of Consumer Reporting Agencies

Nosotros will start by sharing the list maintained by the Consumer Financial Protection Bureau.

They maintain a list of companies and categorizes them by surface area of interest, which include:

Nationwide consumer reporting companies
Employment screening
Tenant screening
Cheque and bank screening
Personal property insurance
Medical
Depression-income and subprime
Supplementary reports
Utilities
Retail
Gaming

You can read the written report and simply get to each database and asking your report.

Nosotros offer a trivial more clarity beneath for the different categories.

Nationwide consumer reporting companies

This refers to the credit reporting agencies you're near familiar with.

I won't get into this likewise much because it'southward adequately mutual knowledge but you can get a free credit report from each of the three credit bureaus (Equifax, Experian, Transunion) by going to AnnualCreditReport.com.

As a result of the Equifax data breach, you tin can request upwards to six copies of your Equifax report every 12 months. Just go to their website and initiate your request. It's a pretty quick process and you lot'll become your credit report in minutes. Check it every year and fix anything that looks weird. It can accept time to get the errors stock-still and then yous want to start that process as quickly every bit possible.

Employment screening

Whereas credit bureaus accept a very specific purpose (assessing your gamble of defaulting on a line of credit or loan), employment screening services offering a wider scope of information. This includes credit history but likewise your employment history, salary, education and professional license verification, and even residential history. What gets near interesting is that sometimes these databases compile information from elsewhere like criminal tape databases, motor vehicle information, drug testing, and medical screening. Information technology's very broad and this is why it's so disquisitional to ensure this data is correct.

If y'all are looking for piece of work or considering moving, you should request your reports to ensure there isn't anything wrong or inaccurate. You don't want a groundwork cheque to evidence yous did something you didn't.

Hither are the more than common ones, each offers a free report every twelve months if they accept 1 on you lot:

ADP Screening & Selection Services
First Advantage Corporation and Verification
Hire Right
LexisNexis
CredCo

Tenant screening

Landlords nearly always run tenant screening to ensure they don't get stuck with a bad tenant. These reporting agencies collect everything from eviction data to bank check-writing history and even criminal record history.

When you lot are looking at a rental, enquire the landlord or management company which tenant screening company they use. So request a re-create of your report from that company and fix anything inaccurate or incorrect.

Here are the ones listed in the CFPB written report:

Consumer Help Center
CoreLogic
Experian RentBureau
First Advantage Corporation Resident Solutions
Real Page, Inc. (LeasingDesk)
Screening Reports, Inc.
SmartMove by TransUnion

Check and banking screening

If yous're looking to open a checking account or just trying to cash a cheque, banks will use a organization like ChexSystems to assess your risk. If you lot've ever had a checking account, it may seem strange that banks would ever need to do this but in that location are many cases where a banking relationship goes bad and the accountholder disappears with a negative rest (especially subsequently fees!).

Generally speaking, checking on this isn't necessary unless you lot feel a trouble opening a banking company business relationship. Dissimilar tenant screening or employment screening, where existence rejected is a pregnant burden, being rejected for a bank account is (generally) only a modest nuisance until you set the unknown error. I would merely spend the fourth dimension on this if you are curious about what these reports look like or if you lot were rejected for an business relationship.

ChexSystem
Certegy
CrossCheck
Early on Alert
Global Payments
TeleCheck (First Data)

Personal property insurance

Much like banking screening, property insurance reports are used when you try to get insurance of any kind – habitation, auto, personal property, umbrella, etc. I would bank check these only if you anticipate needing to get insurance presently. Personally, until writing this post, I never request this information but I'd also never had a major claim. I was likewise fortunate in that the reports were likely accurate because I wasn't denied or told I was a college take a chance.

That said, requesting a report is fairly trivial and y'all may wish to be on the safety side.

A-PLUS Holding (by Verisk) – home, auto, and personal property
LexisNexis C.L.U.Eastward.(Automobile & Property Reports – claims history exchange with auto and personal property claims
Drivers History (TransUnion) – driving information from open information sources

Medical

The medical specialty reports are important because this is what insurers use when determining your rates and whether to approve your application for any kind of life insurance, disability insurance, or long term care insurance. It contains your medical history also as employment history, in the result you were in a more than hazardous working surround.

The ii companies to know are MIB, Inc. and Milliman IntelliScript. MIB collects information about medical conditions and work conditions, which is used to appraise your chance, merely you won't have i unless yous practical for private insurance in the concluding vii years from a company in their network. Milliman IntelliScript collects information on your prescription drug purchases but they only collect data if yous signed a release assuasive it (y'all would've washed this through your insurance).

Low-income and subprime

Information technology's similar banking and checking reporting services but for the depression-income and subprime demographic, which includes payday loans, cash checking services, rent-to-own transactions, and similar transactions. If you have bug with getting admission to those services, you volition want to check these reports:

Clarity Services (Experian)
CoreLogic Teletrack
DataX
FactorTrust (TransUnion)
MicroBilt

Utilities

Again, similar to banking, I would only request this report if you take problems getting a new phone, internet, or utility connections. Yous want to asking it from the National Consumer Telecom & Utilities Substitution.

Retail

I would never have expected this one on the list but there'due south a company that monitors and reports retail product return/exchange fraud and abuse. Much similar the others, it's non worth checking unless a retailer denies your render (or warns they won't permit y'all return something) because unless that happens, they probably don't have whatsoever dirt on yous. Get to The Retail Equation and you can get your report.

Supplementary reports

This section is the well-nigh interesting considering many of the companies collect this data from public sources and national consumer reporting companies like credit bureaus. If I were to guess, the occurrences of error are probably relatively higher on these reports than in the others!

CoreLogic Credco
Innovis
LexisNexis Risk Solutions
SageStream – more on SageStream credit report

And then if you've always wanted to know what other companies or people might know about you… now you take a list.

Start requesting! 🙂

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Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has likewise been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Coin.

Jim has a B.S. in Information science and Economics from Carnegie Mellon University, an G.S. in It - Software Engineering from Carnegie Mellon University, equally well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking downward complex subjects into bite-sized easily understood concepts that y'all can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Upper-case letter, which enables him to manage his finances in just 15-minutes each month. They also offer fiscal planning, such as a Retirement Planning Tool that can tell you lot if you're on track to retire when you lot want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real manor. But not rental homes, considering he doesn't desire a second job, information technology's diversified small-scale investments in a few commercial backdrop and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed here are the author'southward alone, not those of any bank or financial establishment. This content has non been reviewed, approved or otherwise endorsed by whatsoever of these entities.