Credit Screening
A credit check provides much more than information about an applicant’s financial
responsibility. Used in conjunction with other background investigation information
in the evaluation of an applicant's reliability and trustworthiness, credit
history checks determine credit worthiness and overall level of responsibility.
Application data, identity, employment, bank accounts or trade lines are all verified
by this check, allowing for more accurate risk assessments. Pinnacle interfaces
directly with major credit bureaus’ 200 million credit-active consumer files so
our clients can make accurate risk assessments of potential employees.
Pinnacle also includes Safescan at no additional charge. Safescan is an interactive
warning system that alerts customers to potentially fraudulent information. Safescan
is nationwide and contains over 20 distinct warning messages, such as:
- Provides a clear warning when a SSN has been issued since the applicant's date
of birth, misused, reported deceased and/or never been issued.
- Profile address warnings indicates an address that has been associated with more
than one name or SSN
- Social Security-issued information provides the year and date the SSN was assigned
to help confirm ID and age of the applicant
Pinnacle will report all information provided from the credit bureau. This information
may not include 10 years because of many factors including, but not limited to:
age of applicant, history of credit, bankruptcy, etc. If requested, Pinnacle will
further evaluate an applicant's financial history using a variety of tools available.
Please note that federal law requires an on-site inspection of your facilities prior
to running credit reports for the first time (you may have already had this done)
which usually costs around $90 if it is needed.
