That paperwork is for legal risk, there are services out there that allow you to search for anyone's credit report at any time. 3rd party collections companies

That paperwork is for legal risk, there are services out there that allow you to search for anyone's credit report at any time. 3rd party collections companies use them to try and hunt down people, for example. IIRC, a few celebrities have ended up suing such services due to stalkers using them to hunt the celebrities down, so there ARE controls on them, but not typically for your normal person.