The insurance industry uses your credit report to generate a unique score for their insurance underwriting and claim management. This is called an Insurance Score.
When buying a car most people don’t know their credit score is not used to determine their car loan. Instead, a different score is used. It’s something called an Auto Industry Option Score (‘Auto Score’).
An Employment Credit Score is a pioneering concept from Smart Credit. It is a score for individuals to understand how employers may judge them based upon their credit report.
Checking credit during employment is a new trend. Employers have started to use your credit to monitor your on-going behavior while you are employed.
The job applicants’ death spiral is a terrible problem and is happening to more people every day. It starts with someone who is unemployed and searching for a job.