• Credit Reporting – o Credit Report – RiskAware’s Credit Report search provides summary on your applicant’s financial history, current obligations, and credit worthiness used to determine your candidate’s patterns of financial responsibility and stability. Reports are obtained from one of the three major credit bureaus (Experian, Equifax, and TransUnion) and can include derogatory credit information highlighting employer hiring risks for candidate’s financial mismanagement, theft, or fraud of company resources which may or may not be motivated by personal indebtedness. Credit Reports are used to demonstrate an applicant’s personal track record of financial responsibility, control, and discipline, to better predict employer risk in hiring, especially for positions which are financial in nature. RiskAware Credit Reports supply private financial information such as:
     Applicant address & employer history
     Income range
     Summary of trade lines,
     Loans including Installment Loans and balances
     Revolving Accounts and balances
     Past Negative Accounts and balances
     Creditors including payment history on credit accounts
     Debt-to-income ratio,
    And public record information,
     Chapter 7 and 13 bankruptcies,
     Tax and other liens
     Judgments.
    Though not governed by specifically by FCRA, many states restrict the use of Credit Reports to only those positions which can evidence financial areas of risk. States requiring such Credit Report compliance are: California, Colorado, Connecticut, Illinois, Hawaii, Maryland, Nevada, Oregon, Vermont and Washington. Although Credit Reports help determine a candidate’s level of financial responsibility, RiskAware recommends employers consult legal counsel before using these reports when hiring. Additionally, for security reasons, Credit Bureaus require employers who access Credit Report information to undergo approval processes including an onsite facility inspection or in the case of not-for-profits, demonstration of a valid 509C3 before credit information can be conferred. RiskAware can assist facilitation of these inspections or transference of documentation as needed by the client, leading to the authorized use of Credit Reports.