FCRA Compliance

What is the Fair Credit Reporting Act (FCRA)?

The Fair Credit Reporting Act (FCRA) is a federal law that regulates the collection, dissemination, and use of consumer information, including consumer credit information. The FCRA governs access to consumer report records and promotes accuracy, fairness, and privacy of personal information assembled by Credit Reporting Agencies (CRAs).

BuildNexus complies with all FCRA requirements when obtaining and using consumer credit information for credit decisions, employment screening, and other permissible purposes.

Your Rights Under the FCRA

As a consumer, you have specific rights under the FCRA regarding your credit information:

BuildNexus Credit Reporting Practices

When you apply for credit with BuildNexus, we may obtain information about you from consumer reporting agencies. This information helps us make informed credit decisions and may include:

• Credit history and payment patterns
• Current credit accounts and balances
• Public records information
• Previous credit inquiries
• Identity verification information

We use this information solely for legitimate business purposes, including credit decisions, account management, and fraud prevention. We do not share your credit information with unauthorized third parties.

Adverse Action Notices

If we take adverse action against you based on information in your credit report (such as denying credit, reducing credit limits, or offering less favorable terms), we will provide you with an adverse action notice that includes:

• The name, address, and phone number of the credit reporting agency that provided the report
• A statement that the credit reporting agency did not make the decision and cannot explain why the decision was made
• Your right to obtain a free copy of your credit report within 60 days
• Your right to dispute inaccurate or incomplete information in your credit report

Identity Theft Protection

BuildNexus takes identity theft seriously and has implemented measures to protect your personal information:

If you believe you are a victim of identity theft, contact us immediately at 1-800-BUILD-NOW and place a fraud alert on your credit reports by contacting one of the three major credit bureaus.

Credit Bureau Contact Information

To obtain your free annual credit report or to dispute information on your credit report, contact the three major credit reporting agencies:

Contact Us About FCRA Matters

If you have questions about our FCRA compliance practices or need assistance with credit reporting matters, please contact us: