Search Results - credit history

Blog Post: What Are The Bad Credit Loans?: Most customers’ first choice while in need of desperate cash is to approach the traditional banks for personal loans. However not many are aware of the procedure the bank follows once they receive…; Added by Geo Msn at 3:40am on April 27, 2016

Comment on: Blog Post 'Direct Placement Freak Out! Need your help.': osed credit issues. You could tactfully question your candidate about their credit history to shed some light.…; Added by Omari at 1:30pm on February 13, 2009

Comment on: Blog Post 'Does Bad Credit = Dishonest Employee?': ater financially, which can be imortant. The key point is that a credit report and a credit score are two different terms of art. A credit score is a numerical formula designed to determine if a person will pay back money. A credit report has a great deal of information about a person’s debts, payment history etc. However an employment credit report do not have a numerical score. The bottom-line is that the EEOC is not going to look favorably on the use of credit scores for employment. …; Added by Les Rosen at 11:40am on August 2, 2011

Introducing the debt consolidation loan

If someone is facing a bad creditcard history then the debt consolidation loan presents a perfect way out for this financial…

Added by Geo Msn at 8:14am on November 15, 2016

Blog Post: Securing Bad Credit Loan Resources: A Step By Step Guide: The bad credit secure loans are actually meant for the people with bad or poor credit history. The bad credit loans are designed and provided by the different financial agencies and companies. The…; Added by Geo Msn at 4:46am on February 16, 2016

While the practice of checking a potential employee's credit score is…

Added by Ethan Harrison Smith at 10:45am on April 24, 2018

Comment on: Blog Post 'Finding a Needle in a Haystack for Recruiters': is job related and, additionally, may not be a valid predictor of performance for certain positions. As an example, our company had an opening for a Front-End Developer, where demand exceeds supply. After conducting extensive search, we found an excellent candidate with hands-on experience and skills aligned to the job requirements . After the offer had been extended, the potential employee presented to HR her concern of poor credit history which , in essence, was the result of poor financial planning of her former spouse. Since her programming skills were exceptional , HR overlooked the credit history and she went on to be an invaluable part of the team receiving accolades for her work. So, while credit check is pertinent for a finance related role, it should not be the deciding factor for other roles where the candidate satisfies the requirements to function well at his/her job.…; Added by Tasneem M at 10:52pm on December 8, 2016

Comment on: Blog Post 'Credit Scores Can Be Harmful to Employers and Job Candidates': iring process performed after a tentative selection to see if there are any due diligence issues. In addition, it is an urban myth that credit scores are used for employment. That is simply not the case. When an employer receives a credit report as part of a background check, it is much different than a consumer credit report used for lending. First and foremost, an employment credit report does not contain a credit score precisely because there is no correlation between a credit report and job performance. In addition an employment credit report does not have age or date of birth. Further, the actual account numbers are not provided. In addition, a credit report pulled for employment does not count against a person’s credit score. It is true that a credit report will have a credit history, and that can be a source of difficulty. However, the actual credit score is not provided. For more information on credit reports and background checks, see: http://www.esrcheck.com/wordpress/815/basics-of-credit-reports-and-background-checks For advice to job applicants that are concerned about their credit report being used for employment, see: http://www.esrcheck.com/wordpress/1103/job-hunting-and-credit-reports Background firms typically do advise employer to avoid credit reports all together unless there is a clear business justification.…; Added by Les Rosen at 3:30am on December 30, 2009

Comment on: Blog Post 'Social Media: Make or break for candidates?': Very nice article. I love the comparison of social media and credit history, it is true that no social media can depict you unfavorably. This is obviously an important topic to discuss!; Added by Kara Stringer at 4:17pm on September 8, 2011

Comment on: Topic 'Pre-existing conditions are seriously harming our intellectual output': ng of someone to work in a bank handling customer's funds who has serious credit problems, judgments and money problems. It is not necessarily true that someone with serious money problems will be involved in theft or fraud but the potential risk that the financial pressures might cause an otherwise honest person to be tempted if the opportunity was in front of them daily is a situation that risk managers need to look at if this person is handling customer funds. If they hired without a credit check, fraud occurred, the lawsuits would fly at the bank for lack of credit checking employees and managing risk. In the case of medical history. If an employee has a history of even petit mal epilepsy or is on some kind of meds for any condition that might cause any impairment of coordination, that employee driving a fork lift could put others and themselves at a high risk of injury or death. All this business you're closing now is clouding your ability to read my tea leaves! Of course this is what I'm talking about as well! It's a double edged sword but one in which very few are having a cogent debate. Call me when you can you recruiting animal!…; Added by Steve Levy at 12:46pm on April 22, 2009