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Bad credit can affect your ability to get more credit. Did you know it also can affect your ability to get or keep a job? Employers often use a credit report when they hire and evaluate employees for promotion, reassignment or retention. |
 According
to the Fair Credit Reporting Act (FCRA), which is enforced by the Federal
Trade Commission and your state Attorney General, an employer must get
your permission to look at your credit report. If you don't get a job
because of information in your report, the employer must give you written
instructions on how to challenge the accuracy of the information in your
report. Accurate negative information can stay on your report for seven
years; bankruptcy maybe reported for 10 years.The FTC advises all consumers to check their credit reports once a year to make sure they are accurate and complete. Copies are available from the three major credit reporting agencies:
It never costs more than $8.50 per report; in some states, reports are free. According to the FCRA, both the credit reporting agency and the organization that provided the information – such as your bank or credit card company – are responsible for correcting inaccurate or incomplete information in your report. To protect your rights under the law, contact both the credit reporting agency and the information provider to dispute any information. ©AllAboutCreditRepair.com 2001-2005 The above Consumer Credit Information is provided by the Federal Trade Commission, Washington D.C. |
