Who can receive consumer data from Soft Pull Solutions?
Not just any business can pull credit report and private data on their consumers. At Soft Pull Solutions, we have specific requirements that we must adhere to in order to provide approved industries with the data they need to propel their businesses forward.
In this article, we’ll outline the authorized and unauthorized businesses for Soft Pull Solutions services and data.
Important note: Please contact us if you have any questions about whether we can work with your industry. The lists in this article aren’t all-comprehensive and do have some overlap among who we are able to work with.
Why are some businesses not allowed to pull credit data?
It’s helpful to know that the three main credit bureaus – Transunion, Experian, and Equifax – will only provide data to certain types of businesses (unless they’ve received and approved a written request for an unauthorized business type).
The Fair Credit Reporting Act (FCRA) has strict limits on who is allowed to check consumer data and the reasons behind it. Only businesses with a specific, legitimate reason can check consumer credit.
Authorized Industries
Soft Pull Solutions can provide services and consumer data to the following business types. This isn’t an all-encompassing list, but provides a good overview of who we can work with.
- Mortgage
- Tenant screening
- Employment screening
- Alarm companies
- Bankruptcy attorneys
- Bank, finance companies, and credit unions
- Certified financial planners
- Not-for-profit consumer credit counseling companies
- Country club and private club memberships
- Elective medical facilities
- Home improvement finance companies
- Equipment leasing
- Franchise owners
- Recreational vehicle dealerships
- Insurance companies
- Companies that perform title insurance underwriting for mortgage purposes
- Government entities in connection with the determination of the consumer’s eligibility for a license or other benefit granted by a governmental instrumentality required by law to consider an applicant’s financial responsibility or status
For more information about the industries we work with, visit our industries page.
Unauthorized Industries
Soft Pull Solutions does not currently work with businesses that fall under the categories below.
- Adult entertainment or service entities
- Asset location services
- Bail bondsman, unless licensed by the state in which they are operating
- Child location service
- Credit counseling (unless not-for-profit)
- Credit repair clinics
- Dating services
- Financial counseling (unless a registered securities broker dealer or certified financial planner)
- Foreign company or agency of a foreign government
- Genealogical research
- Law enforcement agencies
- Massage service
- News agency or journalist
- Pawn shop
- Private detective or investigative company
- Repossession company
- Subscription services (magazines, books, record clubs, etc.)
- Tattoo services
- Time shares (exception: financers of time shares)
- Weapons distribution
- Resellers (individuals or businesses intent on reselling the data we provide)
Contact Soft Pull Solutions Today
If your business is in need of credit reporting, employment verification, ID verification, or any of our other services, give us a call today. If you’re not sure whether your business is authorized to receive our data, we’re happy to discuss this with you further to see what your best options are.