Credit scores — another product used by lenders which consists of a single number calculated on the basis
of information in a credit report — are not typically provided to employers.
If you were denied because
of information in your credit report, the issuer will send an adverse action notice that includes which credit reporting agency was used and how to contact the agency.
Insurers must notify you
if information in your credit report led to a denial of coverage or an increase in your premium, said Paul Stephens, director of policy and advocacy with the Privacy Rights Clearinghouse.
The government says that proposed legislation, Bill 8, could require credit - reporting agencies to give consumers free online access to their current credit score at least twice a year and to
disclose information in a credit report about any scores that were given to third parties over the past 12 months.
If you find an error about your student
loan information in your credit report, you should immediately draft a student loan dispute letter to the credit bureau explaining the error and why you are disputing it.
The credit bureaus
take information in your credit report, such as the number of inquiries, open credit accounts, payment history, and other factors, to generate a credit score for that moment in time.
Plenty of companies and businesses appeal to consumers that have bad credit histories, promising to neat up credit files for a fee, but you already have the right to have any inaccurate
information in your credit report file corrected.