US: Credit Report Errors Can Hurt Your Interview Chances

Credit Report Errors Can Hurt Your Interview Chances

These days, just getting invited for a job interview can be a big deal. However, many employers are using background checking, including credit checks, on prospective employees before the interview. Depending on the candidate's criminal history, background and credit, the employer may rule them out before they have had the chance to sit down and talk.

It's frightening to think that your job chances can hinge on what information an employer receives about you from a background-check company or a credit-reporting agency. What's even more disturbing is that according to a recent report from the Federal Trade Commission, there are widespread errors on consumer credit reports – errors that could prevent good people from getting hired.

The report revealed that an alarming 42 million credit reports contain errors that negatively impact consumer credit ratings. This isn't the first time that the credit reporting system has been under scrutiny. In 2004, the National Association of Public Interest Research Groups found that a staggering 79 percent of credit reports contain errors. If that wasn't enough to raise eyebrows, the news program, 60 Minutes aired a scathing report about how common these errors are and how difficult they are to be removed.

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http://www.manhattanjobs.com/articles/article.asp?id=12177