Reply
Regular Contributor
Posts: 164
Registered: ‎05-03-2011

Company Background Check and Credit Check

Can someone please share your experience? I have been offered a position and they said they would conduct a background check including pulling a report. Do you know whether it is a hard or soft pull? and also if it shows up at all and whether I will be notified? Thanks in advance

Forward, Zync, Freedom, BofA Cash Rewards

Current Score: 738 BOA Experian (5/29/2012)

GOAL: 800s
Regular Contributor
Posts: 565
Registered: ‎06-12-2010

Re: Company Background Check and Credit Check

Now I cannot be sure of this, but I think it would be like an insurance inq if it is a hard pull.  Notation will be made as to the kind of pull that it is and insurance inq are not factored into your fico.  I would have to go back and look at a recent insurance inq, but I think it was listed as a soft pull.

 

However...  I did recently apply for a new apartment and that was a hard pull, of which I was not happy about.


Starting Score: 600ish in 2007
Highest Score to date: EQ 716 May 2012(lender pull)
Current Score: EQ 685 6-21-12 ; Walmart TU Fico 744 6-05-12
Goal Score: 801
Frequent Contributor
Posts: 260
Registered: ‎11-10-2011

Re: Company Background Check and Credit Check


Tg123 wrote:

Can someone please share your experience? I have been offered a position and they said they would conduct a background check including pulling a report. Do you know whether it is a hard or soft pull? and also if it shows up at all and whether I will be notified? Thanks in advance


I have my license renewed yearly which includes a credit Check. It is a soft pull. Some employers allow you to fix or make arrangements if they see something they don't like, others will just deny you the job. Most employers have a threshold for bad debt, debt that is in collections, default, or foreclosure. They will not hold large amounts of debt that is still in good standing against you.

Starting Score: 617 EQ 10-17-11
Current Score: EQ 767 TU 769 EX 749 (all FICO but who really knows?)
Goal Score: 800


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 448
Registered: ‎04-26-2012

Re: Company Background Check and Credit Check

I had a background check done for new employment last year. I do not see any HPs. I have the EX report which lists soft pulls and it doesn't have anythign either. I do not know about EQ/TU SPs.

PenFed Platinum Cash Rewards (19.5k), American Express Blue Cash Preferred (18k), Chase Sapphire Preferred (14k), Discover More (10k)
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.