Know the Lingo: Essential Background Check Vocabulary

Know the Lingo: Essential Background Check Vocabulary

It is important that you know the terms associated with background checks.

As a hiring manager or property manager, you will be seeing your fair share of background check reports. It is your job to decipher them and decide if the applicant is a good fit for your business or property. In order to do your job well, it is important that you know the terms associated with background checks. There are a lot of acronyms and terms specific to this industry. These are just a few of the particularly important ones.

Fair Credit Reporting Act (FCRA)

The Fair Credit Reporting Act is the law that those who perform background checks must follow. It dictates important boundaries and states the rights of the applicants. Violation of FCRA regulation can result in some pretty steep fines, so it is important to know these regulations well.

Consumer Reporting Agency (CRA)

A consumer reporting agency is an agency that gathers information about applicants on behalf of an employer or property manager. Managers provide information about an applicant to the CRA and receive background check reports. If you’re looking for a reliable and experienced CRA, contact AIR Pre-Employment Screening Services today!

Federal Trade Commission (FTC)

The Federal trade commission is the government agency that enforces the guidelines set forth in the FCRA. They oversee CRAs and ensure that their background check procedures aren’t violating applicants’ privacy.

Credit Report

An applicant’s credit report is a summary of their credit history: bankruptcies, payment history, outstanding balances, can all be included on someone’s credit report. Employers may look at someone’s credit report to assess whether an applicant is a financial risk for their business. Property managers would look at a credit report to make sure applicants will be able to pay their rent.

End-User

The end-user is simply the person or group who is requesting the background check.

Dispute

Per FCRA guidelines, applicants have the right to dispute information in their reports that they believe to be false. If the information is proven false, it must be deleted or changed and the applicant must receive an updated version of their background check report.

BACKGROUND SCREENING TO GIVE YOU THE BEST APPLICANTS

AIR Pre-Employment Screening Services is ready to provide you with quality tenant screening for all of your properties, including driving record screening, criminal records searching, drug testing, identity verification, and even screening personal and professional references. We have over 20 years of experience in our field, and we pride ourselves on providing excellent customer service, incomparable accuracy, and quick reporting. For more information on our services, contact P.J. Davis at pjdavis@air-prehire.com, call 410-654-5665, or visit our website at http://www.air-prehire.com/. For more hiring tips and articles like this, follow us on FacebookTwitterPinterest, and Google+.

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