Being an employer, you may want to use consumer credit reports while hiring new employees and also while assessing them for promotion, reassignment, and retention, but only if you abide by the Fair Credit Reporting Act (FCRA). Sections 604, 606, and 615 of the FCRA clearly mention the employers responsibilities towards its employees when he uses consumer reports for employment purposes.
Build a Credit Strategy
If you are trying to build your credit there are a lot of strategies we can look at to help you get started. If you do not have credit, bad credit or good credit, building credit is imperative because no matter what your situation, you do not want to go down.
Building Credit Strategies
If you dont have any credit at all, you will want to begin somewhere. One method for building credit is to apply for a personal loan or a credit card and ask a family member or a friend to co-sign the loan application. Once you have opened an account, ensure you meet all monthly requirement because if you fail to make any payments at all your co-signer is responsible.
10 Tips To Improving Your Credit Reports
Credit is something that some take lightly or give little thought to until its really needed. There are 10 things that you can do to make sure that your credit is always in good standing so it will be available when needed.
1) Pay your bills on time. A consistent history of timely payments will greatly improve your credit profile and will, therefore, make you more desirable to lenders. In many cases, a strong payment history in your credit reports will also result in bett…
Are You Monitoring Your Credit?
If you are not monitoring your credit and your credit reports, you may be in for a big surprise.
What Do You Do If Your Identity’s Been Stolen?
Do you have any unusual charges on your monthly credit card statement? Someone may be posing as you.
Protect Yourself Against Financial Fraud
How can you and your family be on guard against financial scams, especially those that target the elderly?