History credit report Bowling Green

Nationwide consumer reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home. Q: Do you think it is ethical for businesses to use a job applicant's credit report and rating in the hiring process? I have a feeling that I have been hurt by this practice. This is a hot subject these days, and it's the basis for a number history credit report Bowling Green of lawsuits that challenge the growing history credit report Bowling Green practice and seek to ban any use of credit-report checks in hiring decisions. check free credit (The law forbids employers from checking your credit score.) There are various reasons for a spotty credit record, including limited previous use of credit, which shouldn't be held against anyone.

Some people get into credit trouble history credit report Bowling Green because of unforeseen crises, such as a severe illness with big medical bills or history credit report Bowling Green a lengthy layoff with no severance. free annual credit report federal Other people, whatever their income, simply live beyond their means on a regular basis, overspending on credit. To some employers, that would raise a warning flag about an applicant's possible lack of self-discipline — and maybe even lack of integrity.

And employers might reasonably be concerned that an employee's money woes could tempt him or her to steal or to pad an expense account.

Whatever the courts eventually decree in pending lawsuits, I think the most ethical outcome would be a middle ground — allowing the continued use of credit checks in evaluating job applicants but giving applicants the right to explain negative information in their reports. free credit checks (I also think that arrest records — say, for disorderly conduct or DUIs — may ethically be used in evaluating job applicants, with a similar right for applicants to explain the infractions.) Employers could still use a credit history as one of numerous factors in evaluating someone's history credit report Bowling Green fitness for a job, but no one could be rejected simply on the basis of that history.