Instant Credit Report Online
Free Credit Report – What Is An Employer Looking For In A Credit Report?
If you’ve ever applied for a job or are in the process of looking for a job now you may be wondering why your future potential employer wants a copy of your credit report. Of course you always want to maintain a good credit report and FICO or credit score because there are many ways it can be used for or against you including with potential employers.
A credit report to an employer is just another means of gathering more information about you and gives them background information. They can find various ways on your credit report to verify what you’re reporting on your resume. For example, you may have included past employment information on a credit card or loan application and they want to see if it matches, if you have left something out or have used different dates.
If you’re applying for a job that involves handling money such as bank tellers, financial loan officers or any finance-related business or cash handling businesses such as restaurants or retail operations they’ll want to check you out thoroughly.
Also if you’re thinking about working in any kind of business where you would be handling valuables such as jewelry that could easily be hidden you may go through a more thorough background check including your credit report and credit score.
A prospective employer will look for bankruptcies, although they cannot reject you for this, to see how you’ve handled your money and finances in the past.
They’ll always certainly try to match your past employment history with what you’re reporting on your resume so make sure you get your dates right. You don’t want to be rejected because you forgot what dates you worked for a particular business or company.
Employers will check your credit report for any evictions from past housing. Of course some landlords and property management companies don’t report evictions but a good reason to see what’s on your current credit report for yourself so you know just where you stand.
They’ll also look for any repossessions, foreclosures or reports from collection agencies and verify your social security number.
A big concern they have is theft by employees. To cut down on this they look for bounced checks on your credit report or any other indications you’re not honest.
Your employer does have to get your written permission to take a look at your credit report. So make sure you get a copy of your current report and look it over so you know what’s in it. You can get a free personal, online annual credit report in an instant. Even if you had one a year ago you want to get a free report now. You want to look over your credit history to know where you stand.
To answer the question what is an employer looking for in a credit report this is basically it although there are a few other things. Get you credit report as soon as possible so you’ll be fully informed when you apply for a job and it’ll pay off for you. You don’t want to be turned down on the basis of something in the report that you aren’t aware of or just overlooked.