What is allowed by the creditor when you apply for credit?

When You Apply For Credit, Creditors May Not… Discourage you from applying or reject your application because of your race, color, religion, national origin, sex, marital status, age, or because you receive public assistance. A creditor may use only the terms: married, unmarried, or separated.

What can a creditor legally ask you?

A debt collector must tell you the name of the creditor, the amount owed, and that you can dispute the debt or seek verification of the debt. All debt collectors must follow the Fair Debt Collection Practices Act (FDCPA).

What information do creditors submit to credit bureaus?

Personal information: Your name, including any aliases or misspellings reported by creditors, birth date, Social Security number, current and past home addresses, phone numbers, and current and past employers.

When to request information from a creditor?

(1) A creditor that receives an application for credit primarily for the purchase or refinancing of a dwelling occupied or to be occupied by the applicant as a principal residence, where the extension of credit will be secured by the dwelling, shall request as part of the application the following information regarding the applicant (s):

When do I need to collect information for a credit application?

The information-collection requirements of this section apply to applications for credit primarily for the purchase or refinancing of a dwelling that is or will become the applicant’s principal residence.

Can a creditor collect information from more than one co-applicant?

If there is more than one co-applicant, a creditor is permitted, but is not required, to collect the information set forth in paragraph (a) of this section from a second or additional co-applicant. Official interpretation of 13 (b) Obtaining of information. Show 1. Forms for collecting data.

When is it permissible to pull a credit report?

The FCRA lists permissible purposes for pulling a credit report, which includes the following: when you apply for credit, or when a creditor is reviewing or taking collection action on your existing account when a potential creditor or insurer intends to extend you offers of credit or insurance (limited use) when you apply for insurance