Credit monitoring services company answers questions including "can my employer run my credit report"?
DELRAY BEACH, FL -April 30, 2010 - NationalCreditReport.com, a leader in credit monitoring services, advises consumers that they are not the only ones who can access their personal credit report.
"Many consumers are surprised when they learn how many different entities have an interest in obtaining one's personal credit report," said Samuel S. Ambrose, Vice President of Marketing and Operations for NationalCreditReport.com. "They've asked us 'can my employer run my credit report' or 'can a landlord do a credit report check on me' and the answer to both questions is 'yes.' "Consumers are not the only ones who can obtain their personal credit reports."
Who Can Access My Credit Report?
- Your employer and potential employers - As long as they comply with the Fair Credit Reporting Act (FCRA) and you provide your authorization, your employer or potential employer can obtain your personal credit report. How you handle your finances may be a good indicator of how you'll do your job.
- Potential Creditors and Lenders - Your current trade lines will be examined and can be used to determine whether a new line of credit will be granted. If you are approved for credit, the information obtained from your personal credit report will be considered when determining your interest rate.
- Potential Landlords - A landlord can do a credit report check to establish whether you will be able to pay your rent.
- Insurance Companies - Insurance companies can obtain your personal credit report to determine your insurance risk. For instance, your financial history is important to an insurance company considering you for a life insurance policy.
- YOU - You can and should regularly obtain your personal credit report and credit score. NationalCreditReport.com advises consumers to review their credit report quarterly.
"I can't stress enough how important it is for consumers to know what is in their credit file and what their score is," said Ambrose. "Obtain your personal credit report and review it thoroughly so there are no inaccuracies when others are making decisions based on your credit. As an example, landlords run credit report checks frequently to understand a potential renter's ability to pay rent on a timely and regular basis."
About NationalCreditReport.com
Since 2004, NationalCreditReport.com has specialized in providing credit information and credit monitoring services to consumers to help them understand their credit report and score. NationalCreditReport.com encourages consumers to check their credit report on a regular basis.
Contact:
Allison Tomek
NationalCreditReport.com
561-805-8000
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