Smart Screening, Smart Hiring

A credit report is a valuable tool for employers who are hiring for someone who may occupy a position of finance within their company. Employment credit is an instant search pulled directly from one of the three (3) bureaus. Information includes the number of current and delinquent accounts, suits, judgments, liens and bankruptcies.

An Employment Credit report helps determine whether an employee is suitable for a position that involves handling cash or exercising financial discretion as well as a way to measure trustworthiness and reliability. An Employment Credit report differs from a traditional credit report. It is tailored for use in an employment situation, so it does not include account numbers and when requested, only counts as a soft pull on the applicants report, so it doesn't count as heavily against their credit score.

Limitations of this service: A credit report should only be requested when it is relevant to the job function and the employer has policies and procedures in place to ensure that the use of credit reports are fair and relevant. Recently some states have imposed limitations or are in the process of regulating the use of credit reports for employment purposes, including Hawaii, Illinois, Oregon and Washington. Many other states are considering limitations as well including: California, Connecticut, Georgia, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Vermont and Wisconsin. The primary requirement is that there must be a business justification for the report. Even in states without such laws, employers need to ensure that the use of credit reports do not have a disparate impact amounting to discrimination. Employers need to be aware of the laws pertaining to credit use for employment purposes in their state.

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*Pricing is based on volume and a number of other factors. Please contact Sales at 901.685.7599 or empinfo@datafacts.com to get a quote for your specific needs.

Smart Screening, Smart Hiring

We could not be more satisfied with the individual and personal service that we receive from Data Facts. Not only does Data Facts respond to our needs and exceed our expectations for customer service, they remain on the cutting edge of the latest technology and industry standards.

Kristen, Director of Employment