I am looking for jobs. Many employers are asking for my permission to check my credit report? Is it legal? Can they do it? Will my credit score drop due to this reason?
Employment background check is
normal and legal. Many employers check credit report before hiring
people with their permission. So, it's nothing to be worried of.
Your credit score won't drop because employment background check is
considered as a soft inquiry.
Yes, employers often check the
credit score before offering jobs because they want to know about your
financial responsibility. And yes, it's legal. However, according to the
Fair Credit Reporting Act (FCRA), your employer can't check your credit
score without your consent. You have to grant the permission in writing
to pull your credit history. Since it will be a soft inquiry, your
credit score won't be affected.
Your credit score won't drop because employment background check is considered as a soft inquiry.
Sub: #1 posted on Thu, 09/03/2020 - 21:21
(Posts: 382 | Credits: )
Sub: #2 posted on Sun, 09/06/2020 - 21:29
(Posts: 265 | Credits: )