Investigative Consumer Report

Investigative consumer reports are detailed reports that involve personal interviews with your neighbors, friends, or acquaintances about your lifestyle, your character and personal and credit characteristics, your mode of living, and your general reputation. They may be used, for example, in connection with insurance and employment applications you have applied for.

Employers often do background checks on applicants and may order investigative consumer reports used for the purpose of evaluating a consumer for employment, promotion, reassignment or retention as an employee - as long as the employer complies with the Fair Credit Reporting Act (FCRA). The Fair Credit Reporting Act (FCRA is designed to insure fair and accurate reporting of information regarding consumers. Some employers only want an applicant's or employee's credit payment records, while others want driving records and criminal histories. Consumers who are the subjects of such reports are given special rights under the Fair Credit Reporting Act (FCRA).

All of these types of reports are consumer reports if they are obtained from a consumer reporting agency (CRA), a business that assembles such reports for other businesses. To be covered by the Fair Credit Reporting Act, a report must be prepared by a consumer reporting agency (CRA).

You will be notified in writing (mailed, or otherwise delivered) when a company orders such a report, no later than three days after the date on which the report was first requested. The notice will explain your right to request certain information about the report from the company you applied to. If your application is rejected, you may get additional information from the consumer reporting agency (CRA). However, the consumer reporting agency (CRA) does not have to reveal the sources of the information.

Restrictions on Investigative Consumer Reports

Whenever a consumer reporting agency (CRA) prepares an investigative consumer report, no adverse information in the consumer report (other than information which is a matter of public record) may be included in a subsequent consumer report unless such adverse information has been verified in the process of making such subsequent consumer report, or the adverse information was received within the three month period preceding the date the subsequent report is furnished.

For more information go to the website of the Federal Trade Commission (FTC) at www.ftc.gov

References:
Federal Trade Commission (FTC)
www.ftc.gov

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