How Long Does a Federal Credit Check Take?
Certain jobs require a candidate to have a good credit history as a condition of employment. Federal employers requiring employees to handle sensitive data require ongoing satisfactory credit reports as a condition of maintaining employment.
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Significance of Credit Reports
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Credit-reporting agencies are private companies, and there is no such thing as a federal credit report. However many federal employers require a copy of credit reports. The employee signs a release, allowing the employer to obtain a copy of his credit report for review. This is a common prerequisite for high-paying federal jobs.
Time Frame
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Once the credit-reporting agency has received the request for a copy of the employee's credit report along with his signature, it is obliged to supply the report within 30 days. The report is sent to the federal agency's human resources department or manager.
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Considerations
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Poor credit histories can raise questions from federal employers. In some cases, employees with questionable credit histories might not qualify for the type of security clearances required for those jobs. Before applying for a federal job requiring a credit check, consumers should obtain a copy of one of their credit reports to review for errors, Privacy Rights Clearinghouse advises.
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