Does Your Credit Report Include Your Criminal Record?
July 24, 2013
Credit reports contain quite a bit of information about your debts including credit card accounts, loans, payments and how you interact with debt. Your report also provides plenty other types of information including judgments, tax liens, bankruptcies, foreclosures, collections and public records.
When someone pulls your credit report as a part of a background check or for any other reasons, they can find out quite a bit of information about you. The three major credit reporting agencies provide the information and they all provide a little different type of report. However, creditors and others using these reports can pull a report with the information from all three major credit reporting agencies.
Your Criminal Record
If you apply for a loan, job, insurance or anything else requiring your credit report, you won’t need to worry about your criminal records showing up on the report. However, if a background check is done, they can pull your criminal record. Usually, this is done for employment purposes and not for financial transactions.
You will know if they plan to pull your criminal record because the Fair Credit Reporting Act states that you must provide written authorization for the background check. Make sure you read the documents before you sign them.
Applying for Loans, Credit Cards and More
Most types of financing you apply for will require a credit check. This doesn’t include a background check and they won’t see your criminal record. When you apply for a mortgage, personal loan, credit card, student loan or any other type of loan, you don’t need to worry about the company discovering your criminal history.
The bottom line, if the company planning to pull your credit isn’t doing a full background check and you don’t provide full authorization for the background check, you won’t need to worry about your criminal history showing up.