Twzted Love Photography asked:


In todays society credit is becoming more and more important. While it is a neccessity, what do you think about the implementation of consumer report investigations on individuals and basing employment decisions on it?
Male employees commit four times as much fraud against their employers than do female employees. Business losses due to fraud by employees over 60 years old are 28 times greater than those by employees 25 years old or younger. Approximately 58 percent of reported fraud is committed by non-managerial employees, 30 percent by managers, and 12 percent by owner executives.
http://criminal-law.freeadvice.com/criminal-law/business-fraud-theft.htm
The percentage of resumes and job applications that contain lies and exaggerations has been estimated between 30 and 80 percent. (Security Management Magazine)
5% of professional hires have criminal records. (Source: HR Logic)
75% of internal theft is undetected. (”How to Identify Dishonesty Within Your Business”)
Several studies estimate employee theft and dishonesty costs U.S. businesses between $60 billion and $120 billion per year, not including the billions spent on protecting against theft. (”How to Identify Dishonesty Within Your Business”)
Insider theft is growing at 15% annually. (Justice Department)
Employee theft amounts to 4% of food sales at a cost in excess of $8.5 billion annually. 75% of inventory shortages are attributed to employee theft. (National Restaurant Association)
The Labor Law Industry has increased by 2200%. (Equal Employment Opportunity Commission)
Employee theft costs between 1/2%-3% of a company’s gross sales. Even if the figure is 1%, it still means employees steal over a billion dollars a week from their employers. (”How to Identify Dishonesty Within Your Business”)
One-third of all employees steal from their employers. (Department of Commerce study)
30% of business failures are due to poor hiring practices. Annual losses generated by poor hires, absenteeism, drug abuse, and theft amount to $75 billion per year. (U.S. Department of Commerce-Atlanta Business Chronicle.)
Now with these statistics in hand what do you people still believe about comsumer report investigations in todays careers where even places such as mcdonalds may conduct these investigations?

NOE

beatyneil asked:


I was looking at my credit report, which includes a voluntary repossession of a car that I had to give back due to some financial problems I was having, and I was wondering if I should put something in the consumer statement section explaining what happened?

TERENCE

tina4545 asked:


I mean come on they will not hire you because of your credit report but how can you pay off the debt with no job?

ANDREW

Dreamy asked:


Business needs to update consumer account such as payment and judgment information. any tips?

ELMER

Jordin K asked:


I want a free copy of my credit report, so which site should I get it from? If I request my credit report, will it contain all the information from all three nationwide consumer reporting companies including Equifax, Experian, and Transunion? Do I have to request one individually from the three companies or do I just have to order one and everything will be included? How does this work? I’m new at this.

JOEY

AppleG asked:


I never re-paid student loans, and was reported to credit agencies. Bad move, but now I want to rebuild, and not live in fear of no credit. I owe a lot, up to $30,000 by now. Creditors are after me for 2 years now, and my rating is in the gutter. What can I do?

Also, can I open up a bank account with bad credit?

ELBERT

li x asked:


, so that even though the account was sold , they are both reporting the debt as a negative mark on a consumers credit report at the same time, thanks ?

JOSEF