Employment Credit Report – Universal Background Screening (2024)

Employment Credit Report

Credit reports can be a valuable tool for assessing applicants who may occupy a position where business needs dictate a history of financial responsibility.

An Employment Credit Report differs from a traditional credit report, in that it is tailored for use in an employment situation. For example, it does not include account numbers, nor does the “pull” count against the applicant’s credit score.

Employment Credit Report – Universal Background Screening (1)

Employment Credit Report – Universal Background Screening (2)

Franchise Credit Report

The Franchise Credit Report will provide you with an unbiased account of a potential candidate’s financial background information by delivering a full credit history including FICO score to ascertain if your candidate is financially stable to purchase a franchise. It uses lender-defined credit risk categories with associated methodologies and algorithms to analyze franchise systems. Franchise systems have a unique set of characteristics from a credit risk perspective. Regardless of the industry, each franchise brand is designed around uniformity and conformity and every franchisor has responsibility for the same support functions. Based on hundreds of brands across decades of performance, credit risk factors were evaluated at the unit level, the system level, and the franchisor support level. The result is the best credit risk predictor of future brand, system, and unit performance, thus providing the lender with the tools to evaluate systemic franchise credit risk. The Franchise Credit Report can also help you identify those applicants who are potentially financially overextended or on the brink of problems that could adversely affect their performance on the job. It could signal a pattern of transiency or instability, as well as an inability to meet obligations. The “pull” does count against the applicant’s credit score.

Employment Credit Report – Universal Background Screening (3)

Employment Credit Report – Universal Background Screening (4)

Sample Franchise Credit Report

Employment Credit Report – Universal Background Screening (2024)

FAQs

What shows up on universal background screening? ›

Universal Background Screening is a leading provider of comprehensive employment background checks including county, state and federal criminal record checks, verifications of past employment, education, professional licenses and certification, searches of government and industry-specific sanction lists, and much more.

Does credit history show up in background check employment? ›

Credit scores typically do not show up on a background check. Most background checks for employment do not seek credit information, but rather, criminal history. They are typically looking for whether you are dangerous to employ. "Some pre-employment screenings do go deeper and look at credit.

What are the cons of the universal background check? ›

Universal background check policies may do little to limit existing illegal sources of firearms to criminal offenders (Kopel, 2016), and background check policies on their own can, at best, prevent such individuals only from acquiring new firearms, not from maintaining possession of those they owned before becoming ...

What is a universal background check? ›

A universal background check for guns is a policy that requires a background check for all gun sales or transfers, regardless of where they occur or who is involved.

Does universal background screening call employers? ›

Scope of Verification

An employment verification specialist will contact the employer to verify information reported by the employee on a job application or resume.

How long does the universal background screening take? ›

We understand that you need applicants' background screening reports to be completed quickly and accurately. Universal's turnaround time averages under 2 days—well under industry average—and we have developed unique processes that ensure we continue deliver reports faster than the industry.

Can you be denied a job because of bad credit? ›

Depending on where you live, it's possible for bad credit to disqualify you from getting certain jobs. In some states, your credit can be the sole reason for the rejection, or a single contributing factor among many. Some employers may weigh your credit history more heavily for certain positions.

Can a bad credit rating affect employment? ›

So failure and rejection have been mitigated.” Consumer rights attorney Larry P. Smith explained that even if a potential employer isn't looking at your credit history specifically, they may still pull your credit report: “A credit score can affect your job chances by getting you denied employment.

What does an employment credit check show? ›

Since a lot of the credit report data that lenders and employers see is the same, employers have access to a comprehensive background report that includes, in addition to your credit history, your past employment, insurance and legal activity.

Is universal background screening legit? ›

Review for Universal Background Screening

Universal Background Screening is the best since it delivers results immediately, and the response is so excellent and rapid. There is no much dislike, but it needs to be more user friendly, and it is a bit expensive.

What would cause me to fail an employment background check? ›

Inconsistencies may include gaps in your employment history, inaccurate descriptions of duties and responsibilities, inaccurate employment lengths or false employer information. These items may disqualify you from passing an employee background check because of concerns about your work ethic and integrity.

How worried should I be about a background check? ›

An employment background check is a normal part of the screening process for many jobs. If you've gotten this far in the hiring process and have been honest with your potential employer, you likely don't have to stress about what employers look for in a background check.

Which states have universal background checks? ›

Nineteen states (California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Nevada , New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, Virginia, and Washington) and the District of Columbia generally require universal background checks for all sales of all ...

How long has universal background screening been in business? ›

Founded in 1972, Universal Background Screening is one of the nation's premier background screening companies providing criminal history, credit, driving records, drug screening, OccuHealth, and verification services for organizations nationwide.

What matters most in a background check? ›

Criminal History Matters Most

Unlike other background check components, criminal history is often considered a more direct indicator of a candidate's character and judgment.

What kind of background check does Universal Studios do? ›

The background check includes the following records searches: Criminal Felony and Misdemeanor (past 7 years, all counties, aliases, and maiden names revealed by a social security number trace), National Sex Offender, National Criminal Search, Education (highest degree), and Employment (past 7 years or previous two ...

What does universal screening do? ›

Universal screening is the administration of an assessment to all students in the classroom. The purpose of this assessment is to determine which students may be struggling with reading skills. Schools have several options related to how they conduct universal screening.

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