Under the Fair Credit Reporting Act, credit reports can be ordered for: insurance underwriting, credit transactions, hiring (with your written permission), license eligibility or for a legitimate business purpose, such as verifying the credit worthiness
of a potential business partner.
-- In an economic recovery, lower-rated companies are better able to improve their credit worthiness
Williams & Williams' ASAP provides an alternative--a way for borrowers to avoid loss of equity and credit worthiness
, as well as help lenders avoid financial loss and keep foreclosed properties off their books.
The Real Estate Settlement Procedures Act, passed in 1974, was intended to help homebuyers fully understand the terms of their loans and to protect them against terms or practices that could cause them to lose money, credit worthiness
or their homes.
One possible answer is that borrowers recognize that should they tarnish their credit worthiness
with the lending agency, they have nowhere else to turn to for credit.
In a statement, Clinton applauded the ``bipartisan congressional vote to maintain the nation's credit worthiness
and financial integrity.
The proposals address mostly the way real estate used as collateral appraised and how the credit worthiness
of borrowers is evaluated.