Scary Puna Cops

[Bob Orts]

quote:

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Originally posted by Devany

Actually many employers do a credit check on people (I would say nearly all but the small mom and pop companies), and many disqualify applicants for jobs based on those findings without ever having to reveal to the applicant why.

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This is a very important item. Under federal law, the employer must tell you they ran a credit check, with whom, what information was in it that resulted in an adverse action, and give you an opportunity to challenge that information if wrong. Since that can force a company to keep a job unfilled while a prospective employee challenges their credit report, or prevent a company from terminating an employee based on that credit report, most employers will claim their decision was based on something other than the credit report.

So you have a home foreclosure on your report, the employer sees that, decides you’re not for them, so you don't get the job or loose your job. Instead of saying it’s the foreclosure, (which triggers requirements under the FCRA) they say there was a more qualified candidate or your position was eliminated due to budget. You may never know that the foreclosure was the sole reason for not getting or loosing a job. And if the decision was based on something wrongly reported, you'll never know that less you’re checking your own credit report.

I suspect that many have not gotten jobs due to their credit report but never knew that was the real reason.

If you look at, or speak to police administrators responsible for selection, they will tell you that some negative things on your credit report will result in not getting hired.