The main reason that insurance
companies run credit checks is because studies have shown that people who tend to make late payments are often more likely to file more claims.
It goes without saying that credit card
companies run credit checks.
Thus,
the company runs no credit checks or other time consuming credit verification processes and offers a credit card to someone with bad credit provided that they have purchased enough goods to make the offer suitable.
Not exact matches
To subvert employees who set up dummy corporations and then submit fraudulent bills, analyze all payments to new or unfamiliar suppliers by
running Dun & Bradstreet
credit checks or otherwise verifying each new
company's authenticity.
When you sign up for a new telecommunications service and the
company asks if they can
run a
credit check, ask if it's possible for a soft inquiry instead of a hard inquiry.
Some finance
companies don't
run a
credit check but require regular and stable income and look at the customer's individual circumstances.
The agency that
runs the state's Excelsior Jobs tax
credit program often failed to
check on
companies» eligibility before they joined the program and did not follow up on whether the
companies had met their investment and job creation goals before awarding them tax
credits, the state Comptroller's Office found in a critical audit.
(I
checked on CreditKarma yesterday and it says that a
company ran my
credit.)
Consequently, no
credit check can or will be
run by the mortgage
companies who receive your information.
If you decide to move forward renting with a debit card, the rental
company will
run a
credit check.
By submitting this loan application form, you are giving Jersey Mortgage
Company authorization to
run a
credit check on your financial history.
Examples of other soft inquiries are when
companies check your
credit for pre-approved offers, or when you apply for a job and your potential employer
runs a
credit check.
When you sign up for a new telecommunications service and the
company asks if they can
run a
credit check, ask if it's possible for a soft inquiry instead of a hard inquiry.
After you enter all of your information,
companies will
run a soft or hard
credit check.
The
companies then
run background
checks, including a close examination of
credit scores, available
credit, and recent
credit card applications, and they plug those factors into mathematical models that predict the likelihood that you will repay the money.
Many states still allow
companies to
run credit checks on their employees and job candidates.
No
credit check can or will be
run by the mortgage
companies who receive your information.
The majority of payday loan
companies provide their service without
running a
credit check.
Story in WSJ today about how more and more
companies are
running background
checks /
checking credit scores.
Also
credit card
companies constantly
run credit checks to see the worthiness or likelihood with their algorithms to be paid back.
Only 25 percent of
companies with 100 to 499 employees
run credit checks, compared to 45 percent of
companies with 2,500 to 24,999 employees.
Companies have to tell you in advance if they want to
run a
credit check.
In the case above, it is highly unreasonable (although standard practice) for a brokerage firm to ask $ 450 to
run a
credit check when most mortgage
companies charge less than $ 100 for the same service (some simply bill for the cost of the
credit pull $ 12).
If you elect to proceed with purchasing insurance from a particular insurance
company, that insurance
company may seek additional information about you, including by contacting you directly by email, postal mail or telephone or
running a
credit check about you.
Apart from banks, these days you'll find employers, insurance
companies and landlords asking if they can
run a
credit check.
Because you're using your car as collateral, auto title loan
companies typically don't
run a
credit check.
From what I can gather, the
company runs your
check through one department, and if they are not sure about you, they send your application on to another wing of the
company, and this wing of the
company runs its own
credit check.
For the most part, these
credit checks are not standard, especially in comparison to the previous three types of background
checks, but if your new employee is getting access to the
company credit card or
running the accounting department, it's probably a good idea to make sure they're good with money.
If you suspect your employer or another
company improperly
ran or relied upon a criminal background
check or
credit report, you need to immediately talk to an experienced FCRA attorney.
If you elect to proceed with purchasing insurance from a particular insurance
company, that insurance
company may seek additional information about you, including by contacting you directly by email, postal mail or telephone or
running a
credit check about you.
It might not seem fair, but life insurance
companies can
run a
credit check on you in the application process.
Some insurance
companies may not even
run any
credit checks.
Before quoting, the insurance
company will
run a
check on your
credit score to also see where it stands at that particular point in time.
In general, if a
company asks for your social security number (SSN), they are most likely going to
run a
credit check on you.
Discover which auto insurance
companies do not
run a
credit check when determining your insurance rates by reading below.
A quick Google search for «free
credit reports» will put you in touch with many of these
companies that will
run a
credit check for you.
Insurance
companies often
run credit checks to help determine the costs for insurance policies.
Companies are
running credit checks on job applicants more often and are using that
credit information as part of the process when making hiring decisions.
Companies will also
run background
checks, reference
checks, and possibly a
credit check as part of the recruitment process.
They also
run background
checks on potential tenants to evaluate their
credit status and criminal record to determine if they meet
company requirements.
They discussed the major issues background screening
companies are coming across including the everyday challenge of
running background
checks, potential liability issues under the Fair
Credit Reporting Act (FCRA) and legislative changes due to «Ban the Box» laws and recreational and medicinal legalization of marijuana.
When you
run background
checks through a
company in the business of compiling background information, you must comply with the Fair
Credit Reporting Act (FCRA).
Leonard Frenkil Jr., CPM ®, of Washington Place Management in Baltimore, uses Levin's
company to
run credit reports,
check court records and criminal histories, and conduct applicant phone interviews.