Free credit reports Memphis

Having too many credit inquiries tends to free credit reports Memphis lower your credit score. Why does the employer do a credit check? Often employers use your free credit reports Memphis credit history to gauge your level of responsibility. Whether a valid assumption or not, some employers believe if you are not reliable in paying your bills, then you will not be a reliable employee.

Unfortunately, a bad credit free credit reports Memphis report can work against you in your search for employment. For more on how a credit record can affect your job search, see the FTC's free credit reports Memphis fact sheet on this topic, www.ftc.gov/bcp/conline/pubs/alerts/ngcrdtalrt.htm In addition to your payment history, a credit report typically includes information about your former addresses and previous employers. Employers can use this as free credit reports Memphis one way to verify the accuracy of information you provide on an application or resume. free credit reports.com

My credit rating went down when I lost my job. Often a poor credit rating free credit reports Memphis results from circumstances that are beyond your control. The loss of a job free credit reports Memphis or high medical bills often leads to late payments, even bankruptcy. Still a bank or other financial institution may reason that a solid financial history free credit reports Memphis is a qualifying factor for an employee who has control over substantial sums of money. However, the same argument cannot be made when a credit check serves only as a kind of character screening. Some states have now recognized the unfairness in this by adopting laws that free credit reports Memphis require a direct relationship to the job before a credit check is made. free credit reports once a year Several states have passed laws limiting credit reports for employment decisions with provisions that require a nexus to actual job duties.

Those states are: Washington, Oregon,Hawaii, Illinois, Maryland and Connecticut.

In addition,a bill captioned the Equal Employment for All Act (HR 3149) is making its way through the U.S. On January 19, 2011, the bill was reintroduced as HR 321 and was referred to the House Subcommittee on Insurance, free credit reports Memphis Housing and Community Opportunity. Shouldthe Equal Employment for Law Actbecome law, potential employers who want to access an applicant’s credit report free credit reports Memphis would have to show that credit history is related to the open position. To follow the progress of this bill, go free credit reports Memphis to http://thomas.loc.gov/home/thomas.php Can my employer continue to check my credit after I’ve been hired? Yes. all three credit reports free The FCRA allows employment checks not only for hiring purposes free credit reports Memphis but for other employment purposes such as promotion, retention, or transfer. Credit checks for the purposes of retaining you as an employee allows the employer to check you credit periodically.