When considering what information can be reported in a background check, it is important to keep in mind that the standards set by the Fair Credit Reporting Act (FCRA) for employee background checks only apply to checks conducted by outside agencies, not background checks performed
When applying for a loan, especially a mortgage loan, most people presume the process is secure. After all, you’re sitting in a nice office. The bank officer got you coffee. What could go wrong? The reality is loan applications have become a tremendously intricate process with
What is the IRS Form 4506-T? The form is used to request a transcript for previous tax years. The tax payer record supplies data for previous tax periods. The request can be made for 1040, 1098, 1099 and a W-2 information is provided with the transcript
Lenders typically require private mortgage insurance if a buyer’s down payment for a home is less than 20 percent. This is to cover the risk of a potential loss. Fortunately, mortgage insurance is not required for the entire life of the loan. What Is Private Mortgage
If you’re looking for a new job or preparing to rent a home, chances are that you’ll need to submit to a background check. Thanks to the availability of information in the digital age, background checks are now easy and affordable to carry out. Almost
Have you ever applied for a job, nailed the interview and then been surprised by a request for a background check? Most employers investigate your history to make sure you are who you say you are and that your references are valid. They may also
Employers need to know they can trust their staff, but that’s not the only reason they perform pre-employment screening. Some organizations, such as municipalities, law enforcement offices, defense contractors and government agencies, may even be legally required to conduct background checks. This doesn’t mean, however, that
Failing a background check can be a humiliating experience, in addition to affecting your livelihood by barring you from a specific position. Many people feel traumatized or hurt when this occurs, but discovering the truth about why you failed will often make you feel better.
If you apply for a home loan, you are likely to have to fill out numerous forms and sign a large number of documents. While it can be easy to feel overwhelmed by the seemingly endless tide of paperwork, it’s important to note that you’re
Having a mortgage is a big commitment that causes a person to spend a great deal of money. It is important to be savvy and understand how to get a loan that has a good interest rate and low fees. Here are the five biggest