Employment Credit Report
Reviewing the credit history of applicants for positions with financial or accounting responsibility can help prevent theft or fraud. Credit reports are obtained from the major credit reporting bureaus: TransUnion, Equifax and Experian. The report indicates the applicant’s current and previous debts, payment history, bankruptcy records and current financial status. Note: Your company name will show up on the applicant’s credit inquiry lists. However, this Employment Credit Check will not affect the applicant’s credit score. Employment Credit Reports do not include credit scores.
Use It To: Obtain a sense of the applicant’s degree of fiscal responsibility
Recommended: We do not recommend this search for all applicants. If a position requires cash handling, accounting or any degree of financial responsibility, review of an applicant’s credit history may be job applicable. Please note some states have imposed stringent rules for credit report usage for employment.
Necessary Information: Applicant’s name, SSN, physical address and a signed release. Your organization must have the applicant’s signed release form readily available to provide to the Credit Bureau for auditing purposes.
Turnaround Time: Instant