Is it normal practice for an employer to monitor your credit account and possibly have a relationship with that credit agency?

Unless you are employed in a very sensitive kind of financial institution or perhaps working for a company that requires security clearance, monitoring your credit scores might be considered a violation of your privacy. You might want to talk to a lawyer about that one. On the other hand, if you have signed authorization for your employers agets to monitor your credit they might just consider it necessary to ongoing employment.