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KRoll background check

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KRoll background check [#permalink] New post 29 Jan 2008, 12:44
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So, I have been hearing a lot of fuss about this whole background check.

I was wondering if any of you guys have been through Kroll check? What all schools use these checks and how do they go about approaching the background checks?

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Re: KRoll background check [#permalink] New post 29 Jan 2008, 13:35
Check stuff on your resume, your graduation date and GPA etc., court records, pull a credit report - pretty standard stuff really.
Most large employers already do this for all new hires.
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Re: KRoll background check [#permalink] New post 29 Jan 2008, 17:43
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Columbia does Kroll, and I recently submitted my form that allows them to check my background. It is nothing to worry about, as long as you have not lied. When you go on to the Kroll website your information comes up, such as your education background, your current employer, starting sal, current sal, your recommender's information, and your personal information. You can change the information if it is incorrect, but any change will be reported. In my case, they had my starting position incorrect, so I changed it. No idea why they had it wrong, since it was correct on my app. Probably a typo when Kroll entered everything in. Once you verify everything, you pay a fee, and I think they use your credit card info to check your credit. Basically, they are checking your credit info through your credit card, your current employment, your recommender's existence, your education history, and your criminal background through your personal information.

They called my recommender, and they asked him about my current employment (salary, position, bonus), which surprised me because supervisors might not know this detail nor would they want to be bothered with it since it is an HR issue. After calling your surpervisor, I have no idea what they do as they delve into your background. The process can be fast or slow, it all depends on how smoothly they get the informaiton. But, it does not matter, if you have nothing to worry about. If there is something that comes up that does not seem right, they will let you know and ask for an explanation. They've spent a lot of time admitting you, so they are not going to let you go without a fight. If you lied, say you put that your bonus was $20,000 when it was really $5,000 then you will have some major explaining to do. That is when you should worry. Otherwise, no sweat! Honesty is the best policy!
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Re: KRoll background check [#permalink] New post 31 Jan 2008, 19:55
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Today I received an email saying that my Kroll background check is complete, and that, in so many words, I am good to go! They make it sound like I am accepted for the second time. It's a good feeling.
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Re: KRoll background check [#permalink] New post 01 Feb 2008, 02:53
ha ha. they will have a problem at some companies. If they rang up anyone from my company asking for that information they would be told they can't give out personal details for security reasons.
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Re: KRoll background check [#permalink] New post 08 Feb 2008, 02:21
What about old bench warrants? 5 years ago I got an open container ticket (not in a vehicle, on the sidewalk) but never paid it. I'm pretty sure there is a bench warrant out on me now. I know I was stupid, but I was young and was moving to a new state anyway. Now I am out of the country and will not be able to fly back to the states to take care of the ticket until the summer before the MBA program starts. By then it will be too late, the MBA decisions will be made. Will something like this disqualify me if I get accepted? It would totally suck if I got accepted and then "disqualified" because of a stupid old open container ticket.

By the way, the state where I got the ticket is far far away from where I want to go to school (if that matters).
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Re: KRoll background check [#permalink] New post 08 Feb 2008, 02:47
I may have troubles with the conversions I made from R$ and EUR to USD, but it's something very easy to explain. I also considered somethings like house renting that the bank pays me as salary, but once again very easy to explain.

As DJ stated, don't worry, unless it's a big lie

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Re: KRoll background check [#permalink] New post 08 Feb 2008, 10:16
I dont understand the credit report check???

It is not like you are buying a house... why credit check?????

What if your credit is really bad???
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Re: KRoll background check [#permalink] New post 08 Feb 2008, 10:26
Your credit can reflect the type of person you are in many ways.
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Re: KRoll background check [#permalink] New post 08 Feb 2008, 11:15
Also most schools co sponsor the student loans, so they want to make sure that you are a responsible debtor.
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Re: KRoll background check [#permalink] New post 08 Feb 2008, 11:32
toDoorNot wrote:
Also most schools co sponsor the student loans, so they want to make sure that you are a responsible debtor.


Yeah. B-school is quite an investment.
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Re: KRoll background check [#permalink] New post 08 Feb 2008, 12:04
Good question about the credit check because there is nothing on the application that asks you about your credit. How could they reneg on the admission if your credit is bad? You never lied about anything. However, based on the costliness of business school, I understand the concern about credit. If your debt to income ratio is already out of control then how are you going to handle more debt with no income?
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Re: KRoll background check [#permalink] New post 08 Feb 2008, 12:07
Given the fact that most B-school graudates are able to get into a decent job after graduation and the fact that student loan payments dont start until after 6 months post-graduation, I really dont see how a credit score is relevant. Also, international students with bad credit will then get away with it, right? So, how can an admission be rescinded based on credit score.
djhouse81 wrote:
If your debt to income ratio is already out of control then how are you going to handle more debt with no income?
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Re: KRoll background check [#permalink] New post 08 Feb 2008, 12:47
ncprasad wrote:
Given the fact that most B-school graudates are able to get into a decent job after graduation and the fact that student loan payments dont start until after 6 months post-graduation, I really dont see how a credit score is relevant. Also, international students with bad credit will then get away with it, right? So, how can an admission be rescinded based on credit score.
djhouse81 wrote:
If your debt to income ratio is already out of control then how are you going to handle more debt with no income?


I agree, it would be strange to be rejected after they check your credit, but the debt to income ratio is a legitimate concern--despite the deferral of your student loan payments until after you graduate. Some people have mortgages, car payments, credit card debt, even college loans to pay off--all at once! How are they going to pay for that when they are going to school full-time, especially with no savings? It would be very difficult to take out a student loan that covers all of that, given the liquidity and credit crises that the market is experiencing--just look at Sallie Mae. Just like there are a few cases of people who blatantly lie on their app and schools rescine their offer as a result; there is probably few borrowers who have atrocious credit to the point that schools must rescind their offer. In the end, I bet schools will try everything to make the financial packages work, as opposed to the fraudulent applicants who are kicked to the curb.
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Re: KRoll background check [#permalink] New post 09 Feb 2008, 11:37
I dont think there is any reason to worry about this Kroll stuff
they just want to check whether you are what you say are
did you do thejobs you claimed? did you get approx the same salaries you put in your forms? are your recommenders genuine? stuff like this... i'm sure they wouldnt be counting pennies
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Re: KRoll background check [#permalink] New post 09 Feb 2008, 16:20
I was always curious about the guy above who asked about the bench warrant. I dont have one, but I was always wonder what the deal is with the disclosure of that kinda stuff. Will admitting it and writing it on the app put you in a better position? Will they deny you based on that stuff? (Assuming its a misdemeanor, like that guys bench warrant or something else minor)
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Re: KRoll background check [#permalink] New post 21 Mar 2008, 11:59
Prior to graduating from undergrad in Dec '05, I spent a semester abroad. Five to six months after I graduated, I worked at my parents' business. I secured a job that was supposed to start May '06, so instead of bumming around or traveling, I decided to help run my family business, and in return my parents helped pay off my expenses I incurred abroad, school loans and a down payment on a car. Long story short, I was never on their payroll, but there's no doubt I worked for them full time. My question is, would I have to explain this prior to submitting my information with Kroll?
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Re: KRoll background check [#permalink] New post 21 Mar 2008, 12:53
prospective mba wrote:
Prior to graduating from undergrad in Dec '05, I spent a semester abroad. Five to six months after I graduated, I worked at my parents' business. I secured a job that was supposed to start May '06, so instead of bumming around or traveling, I decided to help run my family business, and in return my parents helped pay off my expenses I incurred abroad, school loans and a down payment on a car. Long story short, I was never on their payroll, but there's no doubt I worked for them full time. My question is, would I have to explain this prior to submitting my information with Kroll?


I would go one of two ways, 1) do nothing. Your parents will no doubt verify that you worked for them. If you did not put that you had a salary working for your parents, then there is nothing to worry about with not being on the payroll. If you put that you earned the amount that they helped pay off, then your parents might have to verify that. Kroll looks for blatant and gross deception, so as long as you did not say that you earned $100k, when you parents only paid off $50k, there is nothing to worry about. The other option: 2) is to explain the situation to the school to which you were accepted. Once again, if there was no lying, then there will not be a problem. The school will appreciate the clarification, and it will speed up the Kroll check.
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Re: KRoll background check [#permalink] New post 21 Mar 2008, 13:02
Does the procedure works the same for international students? Especially from developing countries?
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Re: KRoll background check [#permalink] New post 21 Mar 2008, 14:01
thanks djhouse. it makes sense.
in any case, it wasn't even anywhere near 50k.
thanks!
Re: KRoll background check   [#permalink] 21 Mar 2008, 14:01
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