| Being an employer, you may want to use | | | | checking his credit report and more |
| consumer credit reports while hiring new | | | | importantly he should agree to it.individuals |
| employees and also while assessing them for | | | | have the right to be informed if the |
| promotion, reassignment, and retention, but | | | | information in the credit report has negative |
| only if you abide by the Fair Credit | | | | influences on employment decision. |
| Reporting Act (FCRA). Sections 604, 606, and | | | | |
| 615 of the FCRA clearly mention the | | | | More information about consumer report: - |
| employer's responsibilities towards its | | | | |
| employees when he uses consumer reports for | | | | A consumer credit report consists of personal |
| employment purposes. | | | | information along with credit |
| | | | characteristics, character, general |
| The FCRA was primarily constituted to guard | | | | reputation, and lifestyle. This report should |
| the privacy of the consumer report | | | | be prepared by a consumer-reporting agency |
| information and to guarantee that the | | | | (CRA) according to the FCRA. |
| information that is printed on the report by | | | | |
| the bureaus and agencies is precise. An | | | | Employers feel safe and satisfied to run a |
| amendment was made to the FCRA on 30th Sep | | | | background check on applicant before hiring |
| 1997 stating that more and more obligations | | | | them for the desired job. Some employers are |
| should be imposed on employers who use | | | | only interested in your credit payment |
| consumer reports. The Congress advocated this | | | | record, some in driving record and some in |
| step, as they felt that inaccurate and | | | | criminal records. Depending on your job |
| incomplete consumer reports can cause someone | | | | profile, an employer can even ask for an |
| his job or may be even his promotions. | | | | investigative consumer report. These are |
| | | | types of consumer credit reports if acquired |
| The amendments made it clear thatindividuals | | | | from CRA. |
| must be informed that the employer is | | | | |