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Credit Reference Disclosure Notice

Description

Credit Reference Disclosure Notice

Updated on Jan 13, 2017

In some cases, you may want to investigate a potential employee's credit history. If the position you are trying to fill involves handling cash or otherwise managing your business's assets, a credit check is essential. Inability to manage personal credit and finances doesn't mean that an individual will have similar difficulties in a business setting. However, it is objective evidence of how the prospective employee has managed his or her assets.

Every prospective employee whose credit history is to be explored should be informed that such an examination is to take place. The Credit Reference Disclosure Notice contains language regarding disclosures that employers are legally required to make if there is to be an inquiry into a potential employee's credit records. This language should be incorporated into the materials presented to prospective employees if credit history is a factor that you will consider in making your hiring decision.

The file is in rich text format (RTF) that is suitable for use with most word processing programs used in the Windows environment.

Toolkit is providing these tools free of charge. Some of these forms contain technical language and create significant legal obligations. Do not use any form without first having an attorney review the form and determine that it is suitable for the purpose for which you intend it.