A credit report can be obtained to assist in the collection of an outstanding obligation?

A credit report can indeed be obtained to assist in the collection of an outstanding obligation under the Fair Credit Reporting Act (FCRA). The FCRA allows certain parties, including creditors, to access consumer credit reports when they have a permissible purpose, such as debt collection. This is essential for creditors to assess the creditworthiness of a consumer and determine the best methods for collecting debts.

In situations where an obligation remains outstanding, creditors may utilize the information in a credit report to help them understand the financial status of the consumer and make informed decisions on how to proceed with collection efforts. This type of permissible purpose is clearly outlined in the FCRA, which facilitates the collection process while maintaining consumer rights and privacy.

Therefore, the statement is accurate as obtaining a credit report for this purpose aligns with the legal guidelines set forth by the FCRA.