I haven't been job hunting for almost twenty years, so this is really a shock to me. I received a whole packet of information today with a job offer that I really want to accept. Lord knows how I will find documentation of my measles and rubella from 1960, but I guess I'll manage. And I understand the criminal background check and health screening - but a credit check? Is this standard procedure for employers these days? It seems very invasive of my privacy even though my credit is fine. Actually I can even understand why it would be interesting info for the employer to have - but do I have to agree to it?
Quote from ayndim
The credit checks for employment are not looking for the same thing a lender is. Basically, credit checks also show criminal history when they are employment cc (as do the ones apt complexes run). Unless you are going to be handling money or have to have the opportunity to embezzle it is not so much your credit they are interested in as much as the other stuff on your report, such as past addresses, past employers, and past names. It really is a easy way of making sure the person they are hiring is who they say they should be.
I wouldn't jump to that conclusion. While employers do use credit reports to verify previous employment, identity, addresses, etc., I do know people who have lost jobs because of bad credit, bankruptcies, etc. And these were not jobs that required finances or handling money.
Some employers do consider your credit as a reflection of character. A lot of people think it's irrelevant, but is it? If someone doesn't fulfill their obligations to creditors, who's to say they won't do the same to their employer? For example, insurance companies have found that people with better credit statistically have less accidents and file less claims. Therefore credit is even checked for insurance applications.
Whatever the case may be, you really can't afford to have bad credit these days, and should keep it as clean as possible.
Last edit by Sheri257 on Aug 21, '04