New Adverse Action Letter Changes
Friday, July 15, 2011 at 3:39PM
Chris Moxley in Background Checks, Credit Score, FICO, Reform

The Dodd-Frank Wall Street Reform and Consumer Protection Act new disclosure requirements will go into effect on July 21, 2011.

If you are using our default tenant adverse letters within InstaScreen, we will be adding the following in the tenant adverse action letters when a score has been included in a credit report. If you are not using our default letters and want the changes, or you do not wish to receive these changes, please contact our support team.

EXAMPLE:
Your credit score: 488 - TRANSUNION/FICO CLASSIC (98) Date score was created: 2011/07/21
Scores range from a low of 300 to a high of 850.

The top key factors that adversely affected your credit score:

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