Jan
30
spinzaar asked:
By profiling i mean using data compiled by credit reporting agencies and consumer reporting agencies to determine the character of a person, there are also many other ways to create a profile like “myspace”. If people can get enough data on you don’t you think they can compromise you somehow and take advantage. I think the initial intent of credit reports was noble but now it can be used to other means and with hackers running rampant anyone can get your credit report info.
JACK
By profiling i mean using data compiled by credit reporting agencies and consumer reporting agencies to determine the character of a person, there are also many other ways to create a profile like “myspace”. If people can get enough data on you don’t you think they can compromise you somehow and take advantage. I think the initial intent of credit reports was noble but now it can be used to other means and with hackers running rampant anyone can get your credit report info.
JACK
Oct
23
What do you think about companies now using credit reports in employment decisions?
Filed Under Law & Ethics | 8 Comments
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
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
Jun
16
l G asked:
Has anyone had or suspect they have had their Consumer Rights Violated by any Bank in Alabama or Florida? Namely,First Gulf Bank!! Or perhaps any Bank controlled by the Holding Company Alabama National BanCorporation. Violations may include, Failure to comply with Federal Regulation and Codes such as The Truth in Lending Act, The Fair Credit Reporting Act, The Consumer Credit Protection Act or others as Regulated by the Federal Trade Commission. Please advise if you have. I have and I suspect MANY others have as well.
BRANDON
Has anyone had or suspect they have had their Consumer Rights Violated by any Bank in Alabama or Florida? Namely,First Gulf Bank!! Or perhaps any Bank controlled by the Holding Company Alabama National BanCorporation. Violations may include, Failure to comply with Federal Regulation and Codes such as The Truth in Lending Act, The Fair Credit Reporting Act, The Consumer Credit Protection Act or others as Regulated by the Federal Trade Commission. Please advise if you have. I have and I suspect MANY others have as well.
BRANDON
Mar
10
Can a company legally not hire you based on the fact that you have a bankruptcy on your credit report?
Filed Under Law & Ethics | 9 Comments
yaroczyk asked:
I have applied for jobs that say that they pull a consumer credit report on you. I have recently had a Chapter 7 discharge of debt. Can a company legally use this as a reason to not hire me?
ESTEBAN
I have applied for jobs that say that they pull a consumer credit report on you. I have recently had a Chapter 7 discharge of debt. Can a company legally use this as a reason to not hire me?
ESTEBAN
Dec
21
Is it legal for someone to obtain my credit report for their use?
Filed Under Law & Ethics | 2 Comments
honhill asked:
I am in the process of divorcing and I recently found out that my husband hired a private investigator to obtain personal info about me. I accept the fact that much information is publicly available to anyone with the time, knowledge and/or money to find it, but is it really legal for someone other than myself to obtain my credit report? I don’t owe my husband any money and I have not hidden any assets, and he never even asked me for it, he simply had a PI gather my credit report along with other info: checking to see if I had ever been married, etc. I just feel that it is a big privacy violation and I am wondering if I can complain about it to any agency. I did not think that consumer credit reports were considered public information, but please correct me if I am wrong.
HERBERT
I am in the process of divorcing and I recently found out that my husband hired a private investigator to obtain personal info about me. I accept the fact that much information is publicly available to anyone with the time, knowledge and/or money to find it, but is it really legal for someone other than myself to obtain my credit report? I don’t owe my husband any money and I have not hidden any assets, and he never even asked me for it, he simply had a PI gather my credit report along with other info: checking to see if I had ever been married, etc. I just feel that it is a big privacy violation and I am wondering if I can complain about it to any agency. I did not think that consumer credit reports were considered public information, but please correct me if I am wrong.
HERBERT