Credit agency Cincinnati

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

Indeed, a recent survey credit agency Cincinnati 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 credit agency Cincinnati a potential employee, you can see whether that person typically credit agency Cincinnati pays their bills on time and how responsible they are when it comes to credit agency Cincinnati money. This kind of information can tell you a lot about what kind of employee that person will likely be. But before you credit agency Cincinnati start pulling credit reports on prospective employees, you have to take certain precautions. First, credit agency Cincinnati 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. online credit reporting

In particular, Hawaii and Washington ban companies from performing a credit check on potential employees. However, in credit agency Cincinnati most states it's perfectly legal under federal law. Specifically, section 604 of the Fair Credit Reporting Act states that it's permissible to use credit information for employment purposes. The one caveat is that potential employees credit agency Cincinnati must give you written permission to access their credit report. Also, keep in mind that credit reporting agencies won'credit agency Cincinnati t provide you with the actual credit score of employees or prospective hires. Instead, they'll provide you with credit agency Cincinnati a credit report designed specifically for employers. credit annual report This report contains information about the payment habits of the person in question but not an credit agency Cincinnati actual credit score. Employers are required under federal law to tell candidates if they used credit agency Cincinnati the credit information to deny them the job. 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 legal complications and rigmarole. While it may be perfectly legal to use a job applicant's credit report in the hiring process, some question whether it'credit agency Cincinnati s ethical. After all, sometimes there are good reasons why people fall behind on credit agency Cincinnati their payments or can't pay their bills. An unexpected medical procedure, for example, or a long layoff can credit agency Cincinnati put normally trustworthy people on precarious financial footing. As a result, it may be unfair to penalize these people credit agency Cincinnati even more by denying them a job they are otherwise qualified to do. free credit report credit score That's probably why 16 more states, including New York,Ohio, Oregon, and South Carolina, are considering their own ban on employer credit checks, viewing them as just another credit agency Cincinnati hurdle for those desperately out of work. TRENDING NOW:Financial Resource Center, Free Downloads!, Credit Crunch Plagues Small Businesses Your staff is the greatest asset your small business has.