How to obtain a free credit report Evansville

Increasingly, savvy employers are using credit checks as another way to measure the integrity of potential workers. After all, companies have been using credit bureaus for decades to determine the reliability of vendors, suppliers, and other firms they do business with.

So it makes sense for how to obtain a free credit report Evansville companies to do the same with people they're about to hire, especially if those people will be coming in direct contact how to obtain a free credit report Evansville with cash or sensitive information.

Indeed, a recent survey by the Society for Human Resources Management found that 60 percent of all employers run some type of credit check on their applicants.

By checking the credit of a potential employee, you can see whether that person typically pays their bills on time and how responsible they are when it comes to money. free credit report no fee This kind of information can tell you a lot about what kind of employee that person will likely be. But before you start pulling credit reports on prospective employees, you have to take certain precautions. First, it's illegal in some states for credit reporting agencies to provide a credit report to companies that plan to use the information for employment screening. In particular, Hawaii and Washington ban companies from performing a credit check on potential employees. However, in most states it's perfectly legal under federal law. online credit report

Specifically, section 604 of the Fair Credit Reporting Act states that it's permissible to use credit information for employment purposes. The how to obtain a free credit report Evansville one caveat is that how to obtain a free credit report Evansville potential employees must give you written permission to access their credit report.

Also, keep in mind that credit reporting agencies won't how to obtain a free credit report Evansville provide you with the actual credit score of employees or prospective hires. Instead, they'll provide you with a credit report designed specifically for employers. This report contains information about the payment habits of the person in question but not an actual credit score. Employers are required how to obtain a free credit report Evansville under federal law to tell candidates if they used the credit information to deny them how to obtain a free credit report Evansville the job. free uk credit report

In reality, however, most employers find some other reason for not hiring the candidate -- or simply don't give them a reason at all -- just to avoid all the how to obtain a free credit report Evansville legal complications and rigmarole.