What is an Employment Credit Check?

An employment credit check is a screening process in which an employer uses a specialized credit report to evaluate job applicants or promotion candidates.

In recent years, companies like TransUnion, Equifax and Experian have increased their sale of these specialized reports.  Sixty percent of employers recently surveyed by the Society for Human Resource Management report that they run credit checks on job applicants.

Credit checks are typically performed for positions in which employees have access to cash, merchandise or confidential information. Many entry-level service positions such as cashiers and waiters now require credit checks.