Ezcreditscore.net
Ezcreditscore.net :: Credit Report and Repair Articles :: credit history effecting employment

Credit History Effecting Employment - The Ins And Outs



So you're a little strapped for cash. The lazy days of summer are coming to an end and that means a lot of stores down at the local mall will be putting out the old "Help Wanted" sign before you know it-with the teeny boppers and college coeds returning to class and all. This would be the golden opportunity to start pounding the porcelain floors and filling out Victoria's Secret.

Now if you've already started putting in retail applications, chances are you've placed you John Hancock on the consent form on the flipside. Be advised that with just one switch of the pen, you have opened the almost every superficial detail of your life to the manager at the Eat & Go-or least given access to it. Did you know that credit history effecting employment security, and even advancement, isn't unheard?

Consumer Reports and Background Checks



See, that line for consent gives prospective employers the right to obtain consumer reports on potential employees. Credit checks can end up disclosing something that'll end affecting you chance of making full partner at the law firm where you've been slaving away as an associate.

The consumer report, as well as full out background checks which have also become pre-employment screening fair game, offers employers a buffet of your personal information. Some of the things the reports dive into include:



Neighbor interviews aren't unheard of today, although separate consent must be secured in such cases. The Eat & Go management has the right to staff the greasy spoon as they see fit, with some perimeters of course. Therefore credit history effecting employment depends solely on the employer. Although this is more common in sectors where financial security is a major concern. Not likely to find to much of that at the Eat & Go.

The Fair Credit Reporting Act



That's unconstitutional, you say. Employers can't turn you down for a job, because your credit report consists of a six pages of unpaid bills and a declaration of bankruptcy six months ago, you say. The Fair Credit Reporting Act prohibits that, you protest.

Negative. It's true that The Fair Credit Reporting Act was created to protect consumer's rights to privacy, and the FCRA does prohibit discrimination based on a bankruptcy declaration. And the FCRA doesn't allow any information to be placed in the report that's last activity was more than seven years ago.

What the Act doesn't do, is prevent employers from considering the liens, delinquencies and other credit blemishes that make it into the report. It's in these situations that credit history effecting employment becomes commonplace, even when the applicant has worked diligently to repair any financial bloopers.

The Fair Credit Reporting Act requires employers who turn down applicants for any reason related to financial information included in the report to officially notify the applicant that the credit report prompted an adverse reaction to their application. An applicant not having established enough of a credit history at the time of application would be an adverse reaction to information located in background checks, so the information doesn't always have to be adverse to trigger an adverse reaction.

Related Credit Score and Repair Articles

How To Own A Credit Repair Business
Discusses how you might own a credit repair business of your own

Credit Repair In 48 Hours
How credit repair works

Finding The Right Sample Letters Dispute Credit Report
Discusses how to find the right letter to send to a credit reporting agency

Howe and Rusling :: Raleigh NC Landscaping :: Helpful Info Online Article Notices :: Kwik Fit Car Insurance