Employment Credit Report
Credit reports are a valuable tool in evaluating an applicant’s history of financial responsibility. Employers often request credit reports for executive or managerial positions, applicants being considered for insurance, collections, financial and/or entry-level accounting positions, or those with access to company funds. This search also includes Fraud Shield, which is an essential tool to protect against identity theft. This searches the OFAC Specially Designated Nationals (SDN) & Blocked Person list and the OFAC Sanctioned Countries, including Major Cities & Ports list.
An excellent search for management, cash handling, sensitive information, etc. type of positions. If requesting an Employment Credit Report, a Social Security Number report does not need to be requested, as it is the “header portion” of the credit report.
Social Security Number Report
The social security trace is a good place to start in determining whether an applicant is disclosing his/her true identity and honestly stating his or her employment/residence history. The social security trace will detail the residences where an individual has lived for the past 7-10 years. Also included in the report may be additional names such as maiden name, AKA's and former married names associated with an individual as well as past employers and additional social security numbers that may have been used by the applicant. This search also includes FACS, this is an essential tool to help prevent against identity theft as well as searches the OFAC Specially Designated Nationals (SDN) & Blocked Person list and the OFAC Sanctioned Countries, including Major Cities & Ports list.
This search should always be the backbone of any background screening program!