Dispute credit report St. Louis

In the meantime, if you are asked to submit to an employment background check, it is a good dispute credit report St. Louis idea to ask the employer for the name of the company that will do the check.

Background Checks and Your Credit Report An employment background check often includes a copy of your credit report. The three major credit reporting agencies (Experian, TransUnion, and Equifax) provide a modified version of the credit report called an "employment report." An "employment report" includes information about your credit-payment history and other credit habits from which current or potential employers might draw conclusions about you.

An employment report provides everything a standard dispute credit report St. Louis credit report would provide. However it doesn't include your credit score or date of birth. Nor does it place an "inquiry" on your credit file that may be seen by a company dispute credit report St. Louis looking to issue you credit. Having too many credit inquiries tends to lower your credit score. Why does the employer do a credit check? Often employers use your credit history to gauge your level of responsibility. Whether a valid assumption or not, some employers believe if you are not reliable in paying your bills, then you will not be a reliable employee. Unfortunately, a bad credit report can work against you in your search for employment. free credit report no credit card needed For more dispute credit report St. Louis on how a credit record can affect your job search, see the FTC's fact sheet on this topic, www.ftc.gov/bcp/conline/pubs/alerts/ngcrdtalrt.htm In addition to your dispute credit report St. Louis payment history, a credit report typically includes information about your former addresses and dispute credit report St. Louis previous employers. Employers can use this as one way to verify the accuracy of information you provide on an application or resume. My credit rating went down when I lost my job. Often a poor credit rating results from circumstances that are beyond your control. The loss of a job or high medical bills often leads to late payments, even bankruptcy. Still a bank or other financial institution may reason that a solid financial history is a qualifying factor for an employee who has control over substantial sums of money. get credit report free online

However, the same dispute credit report St. Louis argument cannot be made when a credit check serves only as a kind of character screening.

Some states have now recognized the unfairness in this by dispute credit report St. Louis adopting laws that require a direct relationship to the job before a credit check is made. Several states have passed dispute credit report St. Louis laws limiting credit reports for employment decisions with provisions that require a nexus to actual job duties. Those states are: Washington, Oregon,Hawaii, Illinois, Maryland and Connecticut. In addition,a bill captioned the Equal Employment for All Act (HR 3149) is making its way through the U.S. On January 19, 2011, the bill was reintroduced as HR 321 and was referred to the House Subcommittee on Insurance, Housing and Community Opportunity. Shouldthe Equal Employment for Law Actbecome law, potential dispute credit report St. Louis employers who want to access an applicant’s credit report would have to show that credit history is related to the open position.

To follow the progress of this bill, go to http://thomas.loc.gov/home/thomas.php Can my employer continue to check my credit after I’ve been hired? Yes. The FCRA allows employment checks not only for hiring purposes but for other employment purposes such as promotion, retention, or transfer. creditreport

Credit checks for the purposes of retaining you as an employee allows the employer to check you credit periodically. Once you have given your permission, you generally need not be asked again. Employers may run periodic checks, for example, as a way to identify individuals who have a high debt to salary ratio.

To an employer, an employee who is overextended dispute credit report St. Louis financially may be more prone to stealing from the company. Can an employer hold that against me? Yes. The employer might be looking for someone who has an established record of paying bills on time. The FCRA says only that certain things like negative information more dispute credit report St. Louis than seven years old cannot be considered.