Pre-Employment Credit Report
While credit reports are a controversial topic in the human resource world, they are useful for companies whose candidates will have managerial, accounting, financial record and, or check-writing responsibilities.
EmployeeScreenIQ conducts Pre-Employment Credit Checks through our preferred nation-wide credit reporting agencies. These checks are valuable because they can offer unbiased insight into your candidate’s reliability and a sense of their personal responsibility. Reports include derogatory credit information, public filings (bankruptcies, liens and judgments), account standing with creditors and previous address history.
Credit reports allow you to quickly verify and expand on information you receive from your candidates. They reveal additional information that may require further review of the applicant and their history. They also provide credit information that would not be shared by applicants but may have an impact on job performance.
Please note that the following states currently prohibit the use of employment credit reports except in limited circumstances: California, Colorado, Connecticut, Illinois, Hawaii, Maryland, Nevada, Oregon, Vermont and Washington (click on each listed state for more specific information on individual restrictions).
For more information about Credit Reports, check out HR’s Guide to Employment Credit Reports