Free Credit Report Request
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Free Credit Report Request for Employment
Employers are increasingly conscious of the kind of employees they want in their organizations, which is why they rely on pre-employment credit reports. Thus, an employment credit report is used like a screening tool. It helps to evaluate the candidates in terms of their financial strength and diligence. So, an individual has to make a free credit report request and assess it thoroughly, if s/he is seeking new employment.[br]
Free Credit Report Request for Employment
Free credit report request is now in demand. Employers seek the credit reports of applicants for different reasons, such as:
· Verifying identity.
· Ascertaining the applicants’ sense of responsibility and reliability.
· Judging whether an applicant’s monthly debt obligations are in excess of the salary offered.
Generally, employers restrict credit report assessment to candidates who apply for management and executive posts.
However, they also assess the credit reports for positions that offer easy access to:
- company cash
- credit card
- assets
- any other confidential information.
Free Credit Report Request for Employment: Applicants’ Rights
Before a potential employer requests for a copy of the credit report of an applicant, the job applicant must furnish a written authorization to the credit bureau(s) to receive it. The Federal Fair Credit Reporting Act (FCRA) provides the following rights to job applicants:
- If a potential employer rejects an applicant based on the information in the credit report, the latter is entitled to receive a copy of that credit report along with the statement of rights. However, it is important to make the request within 60 days of such rejection.[br]
- The applicant can review the credit report and dispute any information that s/he believes to be incomplete or inaccurate. This is applicable even if the prospective employer cites additional reasons for the rejection.
- Employers are prohibited, under ‘Title 11’ of the U.S. Code, to consider bankruptcy but they can consider other ‘black-marks.’ If an employer cites bankruptcy as a reason for rejection, the individual can file a lawsuit against the former.
The status of the credit report can make or break an individual’s quest for employment. Take a proactive stand and ask for a free credit report from all three major bureaus; Equifax, Experian and TransUnion. These reports can be accessed simultaneously as well as separately, in periodic intervals.
