Posts Tagged: credit history

When, Why, and How to Check Your Job Applicant’s Credit History

A few years ago, in the aftermath of the deep recession, a lot of ordinary citizens suffered financial losses that damaged their credit history. One reaction to this was a concern that employers would use credit history in making hiring decisions, potentially unfairly discriminating against otherwise responsible candidates. Several states did pass laws regulating how… Read more »

4 Ways to Stay Out of the FCRA Line of Fire

FCRA guidelines for employers

The Fair Credit Reporting Act (FCRA) is over 40 years old, but it is only recently that the number of class action lawsuits alleging violations of it have spiked. And unlike traditional legal actions the FTC took against credit bureaus and reporting agencies, these more recent lawsuits target check authorization services, banks, retailers, grocers, and… Read more »

Do Employment Credit Checks Deserve the Bad Rap?

Reason suggests that using credit history to help make better employment decisions is a worthwhile idea in some cases. You probably don’t want to hire bank tellers with significant personal financial issues or CFOs with sizable judgments against them. Yet in the aftermath of the recent deep recession, we see continuing arguments and discussion about… Read more »