Credit Check for Employment
Financial Responsibility Check
Hiring the wrong candidate can be very costly for organizations, especially when an employee is in a role with financial responsibilities.
HireRight’s Employee Credit Report can be key in determining the risk of hiring a candidate, particularly if the candidate is being considered for a role with access to financial information, funds and assets.
It is important to note that access to and use of consumer credit information is subject not only to the requirements of the Fair Credit Reporting Act (FCRA), but may also be subject to applicable state law regulating the obtaining and use of such information for employment purposes.
HireRight Credit Reports Benefits
Where permissible under federal and applicable state law, HireRight’s Employee Credit Report may be especially helpful in evaluating candidates with access to or responsibility for financial assets, transactions or decisions. The employee credit check allows users to:
- Reduce Risk – Uncover candidates who may have credit history that could impact their ability to perform the position for which they are being considered.
- Make Confident Decisions – Get a deeper view of a candidate by examining their history of meeting financial obligations.
- Discover Address History – Help identify jurisdictions for criminal background checks.
Key Features
Information on the report may include:
- Bankruptcies
- Accounts in collection
- Inquiries made by 3rd parties
- Accounts paid according to terms
- Negative accounts paid or charged off
- Active accounts including open loans and revolving credit lines