Call just moved to a new neighborhood. He called the electric company to switch utilities for his new home from the landlord to himself. Why would the electric company request a copy of Kohl’s credit report? The company does background checks and all potential employees. They need to decide whether to require cold to provide a deposit.: Applied for one of the companies credit cards, and they wanted to find out if he was a good borrower. Federal regulations require them to make the request whenever someone signs up.
The electric company may request a copy of Kohl's credit report in order to assess his creditworthiness and determine whether to require him to provide a deposit. This is a common practice for utility companies to protect against potential financial losses. By reviewing Kohl's credit history, which includes information on his borrowing habits and payment behavior, the electric company can make an informed decision about his likelihood to make timely utility payments. Additionally, federal regulations may require the electric company to request a credit report whenever a customer signs up for their services.
