If certain requirements are met, Lime clients do have the option to run credit checks for individuals located in Canada and the US*. Additional onboarding is required, but let's first make sure that credit checks are right for you.
Do I meet the requirements to run US Equifax Credit Checks?
You must answer yes to all of the following:
1. Can you justify running a credit check for employment purposes?
For example, if the position is at a bank/financial institution or in law enforcement, if the employee will have access to high-value assets, expense accounts, company credit cards or cash, or if the employee will have access to Personal Identifiable Information or proprietary data (under strict definitions), you may be able to run credit checks for employment purposes. If you cannot clearly justify how a credit check is substantially related to the position you are hiring for, you should avoid credit checks to reduce risk of litigation.
2. Have you reviewed jurisdictional laws or restrictions that may prevent you from running credit checks for employment purposes?
Depending on where your company and/or your candidate resides, specific laws or restrictions may apply. For example, in some states you may be prevented from running credit checks until you have made a conditional offer, or you may need to obtain additional consent from your candidate to run a credit check. Make sure of these requirements and speak with your legal counsel before moving forward!
3. Are you willing to provide additional paperwork and undergo and on-site inspection?
In order to enable credit checks, first, you will need to sign an additional contract with Certn. Second, you will have to undergo and pass a virtual inspection through our third-party partner to verify that your company meets regulatory requirements. The turnaround time for this inspection is three to five business days.
If you have responded yes to the three questions and want to enable credit checks, or if you are still not quite sure if credit checks makes sense for you, feel free to reach out to us at firstname.lastname@example.org.
Do I meet the requirements to run a Canadian Credit Checks?
For Canadian Credit Reports, please notify email@example.com that you'd like this service enabled. We will send additional contracts to your account's administrator for you to sign. Once we received your signed contract, you will be able to run Canadian Credit Checks.
*Please note: Enabling credit checks will switch your account from a prepaid to a billed account.