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Governments on arrests on credit reports, Part 1

Stop talking. Stand down. Stop talking and stand down. Most importantly, stop talking. Now explain yourself. #StopTalking

| By Greg Fisher

You get arrested and incarcerated. You get out of prison.

You read that arrests are on credit reports.

According to Experian, one of three main nationwide credit bureaus, "Your credit report does not include your marital status, medical information, buying habits or transactional data, income, bank account balances, criminal records or level of education."

Despite that, information that conflicts with it published by governments exists.

Connecticut

The Connecticut attorney general states

Is there a difference between a credit report and a credit score?

Yes:

• Credit Reports: Your credit reports contain information about your borrowing history and the timeliness of your bill payments. A credit report should show any late or missed payments on bills, loans that you have paid off, and any debts you currently have. The report will also include information about where you live and work, as well as whether you have ever been sued, arrested or filed for bankruptcy.

• Credit Scores: Your credit score is based on your credit report. Credit bureaus use the information in your credit report to calculate your score, which is a numerical summary of your credit-worthiness that allows lenders to assess the level of risk posed by lending money to you.

The Connecticut Department of Consumer Protection states, "Your credit report contains information on where you live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy."

In 1994, Helga Niesz of the Connecticut General Assembly Office of Legislative Research (OLR) wrote

The federal Fair Credit Reporting Act does indeed contain a seven-year limit on how long credit reporting agencies can report most kinds of unfavorable information to potential lenders, with a 10-year limit for bankruptcy (15 U.S.C. § 1681c). The seven-year limit applies to student loans.

Specifically, the seven-year limit applies, with certain exceptions, to suits and judgments which, from date of entry, antedate the credit report by more than seven years or until the governing statute of limitations expires, whichever is longer; paid tax liens which, from date of payment, antedate the report by more than seven years; accounts placed for collection or charged to profit and loss which antedate the report by more than seven years; records of arrest, indictment or conviction or crime which, from date of disposition, release, or parole, antedate the report by more than seven years, and any other adverse item of information which antedates the report by more than seven years (15 U.S.C. § 1681c (a)).

Ohio

In describing the information in a credit report, the Ohio attorney general said nothing about arrests.

You wrote: "Credit reports are different from your credit score. They show your financial history, like bill payments, debt, and loans. They also show whether you've been sued, arrested, or filed for bankruptcy."

We don't need multiple agencies in each of 50 states, five territories and a federal district trying to inform Americans about the same thing. It's a mess.

What is your evidence that credit reports include arrests? The attorney general said nothing about that. #9401L #OH #2006O

Please reply today.

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Greg Fisher
Truth and Falsity
truthandfalsity.com
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342
mobile/text 937-681-3224
Whatsapp + 1 937-681-3224
creditscoring.com.vcf

Michigan

In 2017, for the Michigan Public Service Commission, Lindsey Wren wrote

What is Credit Reporting?

Credit reporting agencies collect and maintain consumer credit information and use this information to develop a credit report on individuals. Information in a report can include bill payment histories, identification and employment information, and whether an individual has been sued, arrested, or has filed for bankruptcy.

Credit reporting agencies provide an individual’s credit report upon request to lending institutions, insurers, potential employers and other businesses with a legitimate need for this information. Credit reports are used to evaluate a consumer’s creditworthiness and to predict an individual’s ability and willingness to pay back debt. Credit reporting is a federally regulated by the Federal Trade Commission (FTC), the nation's consumer protection agency.

Wisconsin

Last year, for the Wisconsin Department of Agriculture, Trade and Consumer Protection Bureau of Consumer Protection, Melissa Jungwirth wrote, "A credit report contains information on where you live, how you pay your bills, and whether you have been sued, arrested, or filed for bankruptcy."

FTC

In 1999, for the Federal Trade Commission, Colleen Tressler wrote

If you've ever applied for a credit card, a personal loan, or insurance, there's a file about you. This file contains information on where you work and live, how you pay your bills, and whether you've been sued, arrested, or filed for bankruptcy.

Companies that gather and sell this information are called Consumer Reporting Agencies (CRAs). The most common type of CRA is the credit bureau. The information CRAs sell about you to creditors, employers, insurers, and other businesses is called a consumer report.

Later, the FTC proclaimed: "If you’ve ever applied for a credit card, a personal loan, or insurance, there’s a file about you. This file is known as your credit report. It is chock full of information on where you live, how you pay your bills, and whether you’ve been sued, arrested, or filed for bankruptcy."

That is unfortunate.




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