Home > Uncategorized > What would the USA’s credit report look like?

What would the USA’s credit report look like?

May 20, 2011

Borrowers whose loan applications are rejected are entitled by the FCRA to receive notice of the reasons for the rejection.  Borrowers whose loans are approved, but not at the most favorable rates, must also get such notice.  These notices usually come in form letters which contain certain disclosures that are required by the FCRA and by underlying agency regulations.

Columnist Barton Hinkle recently wondered what sort of notice the USA would receive if it were subhect to the FCRA and tried to borrow.  His best guess is worth a read.

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Categories: Uncategorized
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