Who Does Credit Checks?

Who does credit checks? A credit check might be run by your employer or when trying to get a home loan or insurance. Credit reports and credit scores influence all sorts of decisions like employment, purchasing...

Credit reports and credit scores influence all sorts of decisions like employment, purchasing or renting a home, and getting insurance. Its use has been expanded well beyond loans and credit cards. There are certain industries like law enforcement, financial services, and the gaming industry that require a financial background check for employment. It provides a snapshot of what has gone on in your life that may be of relevance. It is a very controversial subject when it comes to privacy. With issues such as divorce and fraud, I don't really think that's a reflection of somebody's life. Sometimes too, people are young when they make mistakes. They grow up and want to start taking control of their lives, so I think they should be rewarded in that sense. How can they do so if they can't get a job? Somebody's financial situation can be relevant in certain industries, but not all.

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