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Six Myths About Using Credit Reports For Employment Screening

April 25, 2011 By Chris Miller

credit cards

Finally we’re getting some factual reporting on the use of credit checks for employee screening.  Erica Sandberg, a Personal Finance Expert / Reporter, wrote an excellent article “6 myths about employer credit checks“.

Here’s a recap:

Myth No. 1: Most employers pull all applicant’s reports.

  • Truth: Few do, and usually for specific reasons.

Myth No. 2: Employers and lenders look for the same information.

  • Truth: Employers take a longer view on your credit past.

Myth No. 3: Poor credit will immediately disqualify you.

  • Truth: Your checkered credit history may be ignored.

Myth No. 4: Employers use credit checks to discriminate.

  • Truth: Employers pull reports to protect themselves.

Myth No. 5: All negative information is bad.

  • Truth: Some credit report information is more alarming than others.

Myth No. 6: Employers don’t care about your reasons for having bad credit.

  • Truth: They care a lot.

Read the entire article here.

Photo Credit: TheTruthAbout…

Filed Under: 2011 Best Employee Screening Posts, Background Checks, Job Search Tagged With: Credit Reports

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