When credit reports are used
Ridgewood Capital USA provides business-purpose financing. Our underwriting is based primarily on company financials and collateral. However, for certain facilities we may review the personal credit of a business principal, officer, or guarantor.
Written authorization required
A consumer report on an individual is obtained only with that individual's prior written authorization, and only for permissible purposes under the Fair Credit Reporting Act (FCRA), 15 U.S.C. § 1681 et seq. Submitting an inquiry through this website does not authorize a credit pull; authorization is a separate, signed step during the application process.
If adverse action is taken
If we decline or modify an application based in whole or in part on information contained in a consumer report, the affected individual will receive an adverse action notice as required by law, which includes:
- The name, address, and phone number of the consumer reporting agency that supplied the report;
- A statement that the reporting agency did not make the credit decision and cannot explain why it was made;
- Notice of the right to obtain a free copy of the report from that agency within 60 days; and
- Notice of the right to dispute the accuracy or completeness of any information in the report directly with the agency.
Your rights under the FCRA
The Consumer Financial Protection Bureau publishes "A Summary of Your Rights Under the Fair Credit Reporting Act," available at consumerfinance.gov/learnmore.
Questions
Questions about this notice or our use of credit reports may be directed to info@ridgewoodfunding.com.