Who Is Privy to Your Consumer Credit Score?
Posted by Alerts For Consumers at Tue, 13 May 2008 22:03:00 GMT and is filed under Free Consumer Reports,Consumer Information 
TAGS: Credit score, credit report, credit bureau, employee credit check
Dear Consumer Journal:
Q: Aside from lending institutions and insurance companies, who else has authorization to check my credit report, my credit score and payment history?
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Answer:
Depending on which state you reside, your profession and how the information is used, it is legal for your employer to conduct a credit check. Even if you are a longtime employee, your company may obtain this information for "employment purposes."
For example in states such as California and Illinois, employers tend to monitor this information for employee evaluation purposes: promotion, retention or reassignment. Nevertheless, an employer must provide the following:
· Prior to obtaining the report, communicate written disclosure to the employee.
· Obtain written authorization from the employee to obtain the consumer credit report.
· Submit certification to the credit reporting bureau(s) agency including the employer's disclosure, and written authorization.
Consumer Tip: There are two ways to improve your credit score:
1) Pay more than the monthly minimum of all credit card bills before the statement is due.
2) Request a copy of your credit score, and submit any corrections with the appropriate documentation to the credit bureaus (i.e. TransUnion, Experian, Equifax)
Holly Bentz (c) 2008 fruitionmedia.net
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