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Worst things that can be identify on Credit Background Check

Conducting background check may be a waste of time but on the other hand, you must think about the possible risk if you failed to do the process. Job applicants are desperate and employers are being fooled so why not try legal actions before you make decisions. Check not just to ensure the safety and protection in the workplace but to maintain the credibility of the company. Along with the procedure, there are states or federal laws that you need to follow to avoid future legal complaints. To get to know more about credit background check, you can check it with www.intelifi.com/services

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Worst things that can be identify on Credit Background Check

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  1. Worst things that can be identify on Credit Background Check

  2. Background Check • Conducting background checkmay sound uncomfortable for those who will be under investigation especially if you they are aware about the possible outcome of the report. Among all aspects that can be check in background screening, credit report can be an issue for the reason that it’s easy to make mistakes when it comes to your credit.

  3. Credit Background Check • Since future creditors and lenders use the credit background to make decisions about your status, there are things that you’d never want to appear on the credit report. • Charge offs • Bankruptcy • Debt information • Foreclosure • Lawsuits

  4. Charge offs • The creditors will deem or tagged your account as uncollectible when you failed to pay for 6 months or more and this will be recorded or added on your credit report. And it will stay on the report up to 7 years.

  5. Bankruptcy • Submitting bankruptcy report will allows you to permanently remove liability for some of your debts. • All the bankruptcy report will reflect and included on the credit report. Although the bankruptcy details will stay on your credit report for seven to 10 years, you can create upgrading your credit soon after your arrears have been cleared.

  6. Debt information • Most of the lenders who cannot make the collections will possibly hire third party and do the necessary actions about your case. • There might be a greater chance that your credit report will not get updated regarding the collection status. • There are times that the collector put an entry on your record which indicate that your account is still in a collection status.

  7. Foreclosure • If you failed to pay on your mortgage loan, your creditor will reclaim or get your personal possession like your own house and auction it off to recover the amount of the loan. This procedure is known as foreclosure. • A foreclosure will reflect on your credit report up to seven years.

  8. Lawsuits • Some creditors may take the issue on legal procedure and litigate you for a debt, if other collections were unsuccessful. • If the complaint is precise and a judgment is entered contrary to you, it will stay on your credit report for 7 years from the date it was reported.

  9. Thank You • To get to know more about credit background check, you can check it with www.intelifi.com/services

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