Free credit report yearly Boston

Credit expert John Ulzheimer walks you through what employers can and cannot do when it comes to your credit. To start out, free credit report yearly Boston its important to clearly define a couple of credit-related terms. According to section 604 of the Fair Credit Reporting Act it is perfectly legal for any of the credit reporting free credit report yearly Boston agencies to furnish a credit report for the purposes of employment screening.Some states have made it illegal, but its still perfectly legal in most states thanks to federal law.Your overt permission must be given in free credit report yearly Boston order for a prospective employer (or current employer) to access your credit report, which is different from a lender pulling your credit report, where no overt permission is required. fact act free credit report The free credit report yearly Boston credit reporting agencies, the root source of credit reports for employment screening, do not provide the same type of credit report to employers free credit report yearly Boston as they provide to lenders, insurance companies, landlords or utility providers.It is a specifically designed version only for use by employers or employee screening companies.This is important because credit scores are not provided with those employment specific reports. best free credit reports

Yet the terms credit report and credit score are often used interchangeably, and many people have come to believe that they are the same thing.And because of that, many people believe that credit scores play some role in whether or not you will get or keep a job.This, free credit report yearly Boston of course, is not true it is only the credit reportthat might play that free credit report yearly Boston role, and only with your permission. Greg Fisher from CreditScoring.com created a video collage of media outlets, a mistaken Equifax executive and even a FICO advertisement, all claiming that employers use scores: This all contributes to a myth that just wont die. business credit reporting Yet all of the credit reporting agencies have gone on record time and time again stating that they do not provide credit scores to employers. And the Consumer Data Industry Association (CDIA), the trade organization of the credit reporting agencies, has done the same.