Credit Tips: Can Credit Bureaus Release Personal Information to Other Sources

Posted On: February 1, 2006

Author: Judy Lott
Posted: Tue May 13, 2003 2:59 pm
Post subject: Can Credit Bureaus Release Personal Information to Other Sources
Our office received via fax what appears to be a inner office memo with a letter head of State Farm Insurance Itstates that as of July 1st 2003. the 4 major credit bureaus in the US will be allowed to release credit information , mailing addresses, phone numbers, etc. to anyone who requests it. It gives the nuber 1-888-567-8688 to call. It goes on to direct what options to press.

My co-workers have already started this process. What information do you have?

Author: mouse
Posted: Tue May 13, 2003 5:54 pm
Post subject: Can Credit Bureaus Release Personal Information to Other Sources

EXPERIAN~~

You may have received a widely circulated e-mail that
claims that as of July 1 credit reporting agencies can
share your credit history with anyone, at any time for any
reason.

The e-mail is completely false.

The federal Fair Credit Reporting Act specifies who can
obtain a copy of your credit report and under what
circumstances. That hasn’t changed. You can learn more
about the FCRA and your rights in All About Credit.

The e-mail also suggests you can opt out of the credit
reporting process by calling a telephone number it lists.
While you can opt out of pre-approved credit offers as well
as marketing lists, you cannot opt out of the credit
reporting system. For more information on opting out of
specific types of targeted advertising, please visit the Opt Out section for specific instructions on how to remove
your name from direct mail, telemarketing, e-mail and
preapproved offers.

Read what the Federal Trade Commission (FTC)
has to say about this false alert

If you are concerned about your credit history, have never
seen it or haven’t reviewed it in a while, you can get a
copy of your credit report instantly online at our Personal
Services. You can also sign up for Credit Manager our
subscription service that provides unlimited access to
your credit information as well automatic notification of
adverse credit changes to your report.