Credit Check for Employment

A credit check for employment can assist in making a hiring decision by quickly and cost-effectively providing objective and factual credit information. Credit reports provide insight into an applicant’s integrity and responsibility toward his or her financial obligations. This information should be considered whenever hiring a candidate for a position of financial responsibility and trust or when the position involves the handling of money or other valuable property.

Justifacts is an approved provider of both Experian and TransUnion credit reports, and we offer credit checks for employment purposes.

Employment Credit Check includes:

• Balance and payment history of credit accounts and loans associated with the applicant
• Corroborating evidence of identity, age, employer, and residence, which are useful when searching for County Criminal Records.
• Additionally, each credit report compares the applicant’s name to the Office of Foreign Control (OFAC) list of Specially Designated Nationals (SDN).

A Word of Caution for an Employee Credit Check

While a valuable part of an overall background check, it is important to note that an employment credit report may not be appropriate for every job category. Although allowed under the Fair Credit Reporting Act (FCRA), many states have passed legislation limiting the use of employment credit reports to only those positions that require it.

Justifacts recommends consulting with legal counsel to determine the applicability of any legislation specific to the use of credit checks for employment purposes.