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My credit rating went down when I lost my job. Often a poor credit rating results from circumstances that are beyond your control.

The loss of a job or high medical bills often leads to late payments, even bankruptcy. Still a bank or other financial institution may reason that a solid financial history is a qualifying factor for an employee who has control over substantial sums of money.

However, the same argument cannot be made when a credit check serves only as a kind of character screening. Some states have now recognized the unfairness in this by adopting laws that require a direct relationship to the job before a credit check is made. Several states have passed laws limiting credit reports for employment decisions with provisions that require a nexus to actual job duties. Those states are: Washington, Oregon,Hawaii, Illinois, Maryland and Connecticut.

In addition,a bill captioned the Equal Employment for All Act (HR 3149) is making its way through the U.S. On January 19, 2011, the bill was reintroduced as HR 321 and was referred to the House Subcommittee on Insurance, Housing and Community Opportunity. legit free credit report Shouldthe Equal Employment free credit score free credit report Buffalo for Law Actbecome law, potential employers who want to access an applicant’s credit report would have to show that credit history is related to the open position. To follow the progress of this bill, go to http://thomas.loc.gov/home/thomas.php Can my employer continue to check my credit after I’ve been hired? Yes. The FCRA allows employment checks not only for hiring purposes but for other employment purposes free credit score free credit report Buffalo such as promotion, retention, or transfer. Credit checks for the free credit score free credit report Buffalo purposes of retaining you as an employee allows the employer to check you credit periodically. fair credit report Once you have given your permission, you generally need not be asked again. Employers may run periodic checks, for example, as a way to identify individuals who have a high debt to salary ratio.

To an employer, an employee who is overextended financially may free credit score free credit report Buffalo be more prone to stealing from the company. Can an employer hold that against me? Yes. The employer might be looking for someone who has an established record of paying bills on time. The FCRA says only that certain things like negative information more than seven years old cannot be considered. The absence of a credit history can also free credit score free credit report Buffalo be considered. But if this bit of information means you don't get the job, free credit score free credit report Buffalo the employer has to give you an adverse notice decision.

For more on an employer's responsibility under the FCRA, see www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt053.shtm 8. Investigative Consumer Reports: What Will Your Neighbors Say? Can an employer ask my friends and neighbors about me? Yes. what is my credit score

Under the FCRA, a background check that includes interviews with "neighbors, friends, or associates" about your "character, general free credit score free credit report Buffalo reputation, personal characteristics, or mode of living" is called an "investigative consumer report." (The term "investigative consumer report" has a different meaning under California Law.