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