In an FTC article informing Applicants what will happen when an Employer performs a Background Check, there is a lot of information you can use to improve the level of screening. If, for example, you only look for Collection accounts, Judgments and the FICO score, you are missing helpful pieces of information.

Prominently mentioned is the requirement for the Employer to obtain signed permission for Background Checks. This is part of the Fair Credit Reporting Act and, if you don’t have written permission, you are breaking the law.

You are also required to inform any applicant that fails because of a Background report. The Applicant is entitled to a copy of the adverse report and a copy of a Government document titled A Summary of Your Rights under the Fair Credit Reporting Act. You must also provide any negative information.

If you are a bit nervous now, read the full article. It will provide you with all the rules. If you have questions, email me at dmeltz@iwantmymoney.com. Breaking the rules could be expensive, but they are clearly defined and easy to follow.

http://www.consumer.ftc.gov/articles/0157-employment-background-checks

Understanding debt collection and background screening best practices can save your business big money. Building up front applicant screening into your business processes costs you very little, but saves you so much in the end. If you haven’t already, partner with a full service debt collection and applicant screening company to guide your business to a place of security and prosperity.

ABOUT EXECUTIVE CREDIT MANAGEMENT, INC.

Executive Credit Management is a full-service Debt Collection and Applicant Screening agency with over 20 years experience located in Central New Jersey. We provide excellent service in the following areas: Employment Screening, Business Screening, and Tenant Screening. Executive Credit Management belongs to a number of Skip Tracing databases and offers services to help locate and confirm the current address of missing debtors. Other services provided are: litigation evaluation on all lawsuit decisions, improvement of the quality of the applicant data, Lawsuit Monitoring, Handling of Debtor Disputes. Executive Credit Management features the best Call Monitoring System in the Debt Collection industry.