moneywatch.com / Your Career The almighty credit score.
It determines your interest rates, insurance premiums, and an employers decision to offer you a job?
Credit expert John Ulzheimer walks you through what employers can and cannot do when it comes to your credit. It determines your interest rates, insurance premiums, and an employers decision to offer you a job? Credit expert John Ulzheimer walks you through what employers can and cannot do when it comes to your credit. To start out, its important to clearly define a couple of credit-related terms. According to section 604 of the Fair Credit Reporting Act it is perfectly legal credit check for free Denver for any of the credit reporting agencies to furnish a credit report for the purposes of credit check for free Denver employment screening.Some states have made it illegal, but its still perfectly legal in most states thanks to federal law.Your overt permission must be given in order for a prospective employer (or current employer) to access your credit report, which is different from a lender credit check for free Denver pulling your credit report, where no overt permission credit check for free Denver is required. The credit reporting agencies, the root source of credit reports for employment screening, do not provide the same type of credit credit check for free Denver report to employers as they provide to credit check for free Denver lenders, insurance companies, landlords or utility providers.It credit check for free Denver is a specifically designed version only for use by employers or employee screening companies.This is credit check for free Denver important because credit scores are not provided with those employment specific reports. credit theft Yet the terms credit check for free Denver credit report and credit score are often used interchangeably, and many people have come to believe that they are the same thing.And because of that, many people believe that credit scores play some role in whether or not you will get or keep a job.credit check for free Denver This, of course, is not true it is only the credit reportthat might play that role, and only with your permission.
Greg Fisher from CreditScoring.com created a video collage of credit check for free Denver media outlets, a mistaken Equifax executive and even a FICO advertisement, all claiming that employers credit check for free Denver use scores: This all contributes to a myth that just wont die. Yet all of the credit check for free Denver credit reporting agencies have gone on record time and time again stating that they do credit check for free Denver not provide credit scores to employers.
And the Consumer Data Industry Association (CDIA), the trade organization credit check for free Denver of the credit reporting agencies, has done the same. check free credit score
According to Stuart Pratt, president of the CDIA: None of the credit reporting agencies credit check for free Denver sell credit scores to employers, so credit scores dont influence any sort of employment decision. Kristine Snyder, public relations manager at Experian, sent credit check for free Denver me a list of what is not delivered to employers. So for those of you credit check for free Denver who believe, suspect or insist that a bad credit score will cost you a job, take comfort: That simply is not true. John Ulzheimer is the president of consumer educationof Credit.com and the author of the book Youre credit check for free Denver Nothing But A Number. He is an expert on credit reporting, credit scoring and identity theft. Formerly of FICO and Equifax, John is the only recognized credit expert who actually comes from the credit industry. He has served as a credit expert witness in more than credit check for free Denver 60 cases and has been qualified to testify in both Federal and State court on the topic of consumer credit. More on Mint.credit check for free Denver com and Credit.com: Subscribe to this discussion via Email or RSS I appreciate the concern which is been rose. The things need to be sorted out because it is about credit check for free Denver the individual but it can be with credit check for free Denver everyone.The initiative taken for the concern is very serious and need an attention of every one. This is the concern which exists in the society and needs to be eliminated from the society as soon as possible.=================================Free Credit Report I appreciate the concern which is been rose. credit bureaus The things need to be credit check for free Denver sorted out because it is about the individual but it can be with everyone.The initiative credit check for free Denver taken for the concern is very serious and need an attention of every one. This credit check for free Denver is the concern which exists in the society and needs to be eliminated from the society credit check for free Denver as soon as possible.=================================Free Credit Report I understand that the FICO score is not seen by employers. BUT I DON'T WANT MY EMPLOYER TO KNOW WHAT CREDIT CARDS credit check for free Denver I HAVE AND MY PAYMENT HISTORY.
Why would I want my EMPLOYER to know where I shop and what credit cards I own, how much I owe on them and my payments per month and history of payments.It has NOTHING to do with my job qualifications.
