So my company got bought out mid last year by another company and we have finally *merged* with us starting to be on their payroll. They had us fill out all the paperwork etc, as if we were new employees to this company - benefits, direct deposit, medical - the whole works - including a nice little document for pulling a "consumer credit report". So I assume this is not the same as if I am applying for a loan or CC - what exactly do they have the right to see on that report, and what do they actually see when it is pulled - credit scores, account information, etc? Unfortunately our "home office" is in Georgia, and from what I understand they have the rights to say no to someone by pulling their CR if they don't like what they see... My credit report is pretty good now - no real baddies, no collections - score is slowly climbing .. Anyone have any details they can provide?
I also live in Ga and from past experience and being HR I can tell you that it is a hard inq. They are usually looking for judgments, liens, collections. The weight of those things in relation to empl are if you are dealing with financials. Like accountng,cash handling or anything of the like. Then you dont want anything like judgments and liens. We look to see if this person if over extended the reasoning is as I understand it , its an indicator of you accountability and responsibility. We revoke offers if someone is in serious financial crisis because we deal with alot of sensitive fin. info were the temp. might prove to be to much! I dont personally agree with that policy but I understand it. hope this helps
Oh joy - just what I wanted.. a hard pull a year and a half AFTER I have already been doing my job.. There were 4 pages of legal mumbo jumbo about the credit pull that I didn't get.. but of course I need the job - so I blindly signed just like anyone else there in my office I'm sure.. Thanks for the info!.
More and more employers are pulling credit these days. I fail to see why it matters, for the most part. You may want to check local laws to see if they can arbitrarily remove someone just because of a credit report after a merger...
If there is anything negative on your credit reports that they use in whole or in part in deciding not to continue to hire you, they must provide you a copy of any credit reports if you ask. http://www.ftc.gov/os/statutes/fcradoc.pdf
