Credit History Examination
HireSafe’s credit history examination can identify if an applicant has any accounts in collections, open loans, inquiries made by third parties, etc., by accessing credit bureau information.
This TransUnion™ report includes name, current address with other previous addresses, SSN, and may include the following: phone, current employer, up to three previous employers, and aliases. Credit summary complete file including public records (i.e., liens, judgments, etc.), collection accounts, current or previous delinquent accounts, types of credit, and total indebtedness. Displays “Profile” (i.e., account charged off, repossessed, etc.) and alerts of any confirmed or suspected fraud activity. This credit report is designed for employment purposes, so it does not place an inquiry on the applicants report. Recommended for all positions that involve access to cash, expensive equipment, or financial record keeping. This service provides the employer insight to the applicant’s level of fiduciary responsibility and to assess potential risk. Prior to releasing credit reports to a new client, an onsite credit bureau authorization is required and there is a fee for this service.
Common uses:
- Used in all industries for positions with fiduciary responsibility
- Some industries (like Financial Services) may wish to run this search on all employees
- To identify applicants who may not show responsibility or may potentially be pre-dispositioned
to mismanagement of company funds
Please note: It is imperative that an employer have a clearly demonstrated business purpose to perform a credit inquiry on an applicant. Such responsibilities can include, but are not limited to: handling cash; involvement with company finances; access to customer financial data.