Sentences with phrase «use credit checks»

One - third of U.S. employers now use credit checks to screen applicants, according to a survey by the Los Angeles Times.

The truth is that a majority of employers use credit checks as a means of determining if a candidate is right for the job.

Additionally, a number of states have specific laws that limit when employers can order and use credit checks in hiring and employment.

Many car insurance companies use credit checks to give you a car insurance quote.

(Note — Insurance companies Allstate and Progressive have been known to not use credit checks in determining premiums.

Furthermore, most above - board lenders will use credit checks and financial information to ensure you can reasonably repay your loan.

As you will hear later today, the Society of Human Resource Management has studied this practice and has reported that 35 percent of its employer members use credit checks as a screening tool in 2001.

First, in my experience, overwhelmingly employers do not use credit checks as a litmus test, but rather they use them at the end of a hiring decision.

Lenders like to use credit checks because they require no effort on their part.

I think the first place I need to start is just really talk a little bit about why organizations use credit checks, because the reason that they use the credit check to some extent is going to determine the way the validity study might be conducted and what the results are going to be.

Not all lenders use credit checks.

Some employers report that they use credit checks in hiring for all of their positions and some employers report that they do not provide candidates with an opportunity to explain what appears on their credit reports.

Notably, the federal government which has over two million employees in this country continues to use credit checks on its employees as a condition of employment.

In my opinion, the penultimate reason that employers use credit checks is because they can not get information relating to an employee's fiscal judgment, skills or habits from any other source.

In fact, according to a report by TransUnion, nearly half of all landlords use credit checks to decide whether or not to lease to a potential tenant.

Many employers now use credit checks as part of the hiring process, so bad credit can keep you unemployed.

It should be against the law (and in some states it is) for employers to use Credit Checks / Reports to qualify for employment.

They urged Mayor Bill de Blasio and the City Council to stop employers from using credit checks to determine eligibility for employment or promotions.

«Many of the companies that are using these credit checks are ones that have filed for Chapter 11 themselves,» he says.

Franks also pointed out a central paradox of using credit checks in today's economy: Some job applicants may be turned away by the same corporations that, amid their own financial troubles, have left workers jobless.

In 2014, 47 percent of employers used credit checks.

Eighty - seven percent of those using credit checks initiate them only after a contingent offer or a job interview.

But they are effective as most financial institutions use credit checking to protect themselves and that, in the end, protects you better.

To help witnesses get a sense of where I am coming from on this, I am particularly interested in understanding why employers today are using credit checks, that is, what do they see as the utility of spending all the money for this particular good that they're purchasing from these credit card companies.

Employers should not be able to justify using credit checks for most types of positions in light of the research showing that credit information does not predict job performance or risk of theft.

And if you look at the research, there are probably three major reasons why an employer might use a credit check.

You can always use no credit check loans if you have a poor credit score and you need the money fast.

For example, the Department of Labor won a case in 2010 against Bank of America in which the bank was found to have discriminated against African - Americans by using credit checks to hire entry - level employees.

A credit check can make your premiums much higher so it is important to use a no credit check insurance company to help save you some money.

Some of the major companies such as Allstate and even Progressive are known for not using credit checks.

In other words, it rarely makes sense for employers to base their entire hiring decision on the results of a credit check (and data shows employers are NOT using credit checks as the sole determinant).

On Thursday, September 3, the New York City law that prohibits employers from using credit checks as part of the employment background screening process will go into effect.

The EEOC heard public comment from SHRM and others to determine the extent of the practice of using credit checks during the background screening of job candidates, the effectiveness of its intended purpose, and its potential impact on different populations.

Not exact matches

But instead of paying for a program — as you would a book or movie on Amazon — you'd get an incentive: a credit, maybe, to be used against your health insurance premium, or a free download at Amazon, or a discounted checking account at Chase.

«Practice the financial literacy skills set of banking, checking, and use of a credit or debit card.

For this first - of - a-kind study, Pew surveyed adults who use prepaid cards at least once a month and found that 59 percent currently have a checking account and 45 percent had used a credit card in the past year.

Rep. Steve Cohen, a Tennessee Democrat, introduced a bill last summer that would amend the Fair Credit Reporting Act to prohibit the use of consumer credit checks against employees «for the purposes of making adverse employment decisions.&Credit Reporting Act to prohibit the use of consumer credit checks against employees «for the purposes of making adverse employment decisions.&credit checks against employees «for the purposes of making adverse employment decisions.»

The online financial provider uses alternative information to create a proprietary credit score for loan applicants, such as checking account, payment processing, and other loan information.

Did they prefer to use a credit card or check?

The technology is supposed to be an alternative to conventional background checks and credit score services that businesses typically use to screen employees before hiring.

«So people say «OK, so if I shouldn't use public WiFi, how can I check my transactions like my bank statement or my credit card statement?»»

Instead, the Macarthurs checked their business credit online using OnDeck Australia's «Know Your Score» product.

Be sure to choose one that you will check bags or buy food and drinks from to use the credit in full every year.

This makes sense when you consider they often use other bank services; like a business checking account, maybe a business credit card, a merchant services account, or even a business savings account.

The $ 300 annual travel credit can be used for airfare, checked baggage fees, and in - flight purchases.

By using the following rewards credit cards to earn the most rewards points possible and additional travel perks like free checked bags and Delta SkyClub access.

Errors on your personal and business credit reports may have an impact on the credit scores being used in the underwriting process lenders use, so checking those credit reports is a good first step.

A HELOC is a revolving credit line against which you borrow by writing a check or using a credit card tied to the account.

Or you can use a service such as Credit Karma or Credit Sesame to check up on your score, track your progress, and receive strategies on how to build cCredit Karma or Credit Sesame to check up on your score, track your progress, and receive strategies on how to build cCredit Sesame to check up on your score, track your progress, and receive strategies on how to build creditcredit.

In addition to monitoring business credit use, they offer additional credit services to small businesses that include credit risk management, the ability for your business to check the credit of potential of your customers, and industry - specific data to help you identify potentially risky customers.