As a rule of thumb, the distinction between the two types of investigations can be thought of as simply verifying the specific facts about education, employment or other information the applicant has provided to the employer (“consumer report”) versus obtaining more general character or personal information through ...
What does consumer report mean?
(d) The term “consumer report” means any written, oral, or other communication of any information by a consumer reporting agency bearing on a consumer’s credit worthiness , credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living which is used or expected to be used or ...
Is an investigative consumer report the same as a credit check?
Investigative consumer reports are not really used to evaluate your creditworthiness . ... The FCRA distinguishes reports on personal character from credit reports, and a lender may not pull an investigative report as part of the credit-granting process.
What is an investigative consumer reporting agency?
(d) The term “investigative consumer reporting agency” means any person who, for monetary fees or dues, engages in whole or in part in the practice of collecting, assembling, evaluating, compiling, reporting, transmitting, transferring, or communicating information concerning consumers for the purposes of furnishing ...
What is a consumer report used for?
A consumer report is a report expected to be used or collected in whole or part for the purpose of serving as a factor used in establishing the consumers eligibility for credit or insurance used primarily for personal, family, household, or employment purposes .
What do employers look for in a consumer report?
A consumer report contains information about your personal and credit characteristics, character, general reputation, and lifestyle . ... Some employers only want an applicant’s or employee’s credit payment records; others want driving records and criminal histories.
How far back does an investigative consumer report go?
Some important points about this information are outlined below. Employers should be aware that California law generally limits an investigative consumer report inquiry regarding public records to the past seven years (10 years for bankruptcy filings).
What does a consumer report background check show?
Simply put, a consumer report background check contains your personal and financial information . Your personal information could cover your general lifestyle, your reputation and impressions about your character.
Do I want a copy of my consumer report?
Not all companies are required to provide a free copy of your annual report, although under federal law all consumer reporting companies must provide you with a copy of your report for a reasonable fee . ... If you’ve applied for a new job and your potential new employer asks for your written authorization to get a report.
What does a consumer report background check?
Employers routinely obtain consumer reports that include the verification of the applicant/employee’s Social Security number; current and previous residences; employment history, including all personnel files; education ; references; credit history and reports; criminal history, including records from any criminal ...
What shows up on an investigative consumer report?
An “investigative consumer report” is “a consumer report or portion thereof in which information on a consumer’s character, general reputation, personal characteristics, or mode of living is obtained through personal interviews with neighbors, friends , or associates of the consumer reported on or with others with whom ...
What is not included in an investigative consumer report?
The term does not include a consumer report or other compilation of information that is limited to specific factual information relating to a consumer’s credit record or manner of obtaining credit obtained directly from a creditor of the consumer or from a consumer reporting agency when that information was obtained ...
Does a consumer report show your credit score?
Credit reports contain your credit history and are used to calculate credit scores and gauge your creditworthiness . ... These consumer reports are not used to determine creditworthiness and are not allowed to be used during the credit-granting process.
What is an example of a consumer report?
Examples of types of information that may qualify as CR include: arrest, convictions, judgements, and bankruptcies; criminal histories, education, and licenses held by consumers ; drug tests (if provided by an intermediary to an employer but not when a drug lab provides the result directly to the employer)
Why do employers do consumer reports?
When you apply for a job, your prospective employer may use a consumer report to evaluate you as a potential employee . A consumer report is a collection of documents that may include credit reports, criminal and other public records such as bankruptcy filings, and records of civil court procedures and judgments.
Can I run a consumer report on myself?
differs because consumers are able to self-enroll and report their own non-debt payment history to PRBC Inc. ... by telephone at 1-800-884-2733 or 1-800-884-4747; by e-mail, at “[email protected]”; or by mail at “PRBC / MicroBilt Corporation, 1640 Airport Road, Suite 115, Kennesaw, GA 30144.”
