What do my credit worthiness, credit standing, and credit capacity have to do with my qualifications for a job? All an employer needs is my employment history - did I actually work where I said I did, and my criminal background - did I embezzle millions from the company, and my education. Things like ''general reputation'', ''mode of living'', ''personal characteristics'', and ''judgements against me'', (All of these are items on a job application I picked up the other day) have nothing to do with whether I'm qualified for a job. My credit rating doesn't tell you if I can run a computer, or repair a car, or anything else. Why do they want this information?
Why do so many prospective employers want to check your credit record?product key
I agree with you 100% . Perhaps these busybodys would like to have their personal affairs analized and dissected. I think not. Life is tough enough as it is without the added aggravation. These prospective employers are not worth the time of day. Keep your business to yourself and you'll be much happier.
jc
Why do so many prospective employers want to check your credit record?triumph
Keep the faith. Good luck and best wishes.
jc Report It
Depends on the company and job. For example: A bank would not want to hire someone working with cash who has severe monetary problems.
Your credit score is going to tell your future employee if your responsible or not. If you don't care about paying your credit car bill or car payments on time, why would you care about showing up to work on time or come at all? The credit report is an unbiased summary of your responsibility, something that your references from your resume may not be.
Because the prevalent wisdom is that if you cannot handle your own finances responsibly, how can you possibly handle our responsibilities? In the era of loss prevention, employee embelzelment and outright employee theft, we want to make certain that you have no reason financially to be dishonest. Particularly, in positions where an employee is handling money, accounts receivable or accounts payable, employers want to ensure that employee will honestly perform those duties and has no personal impetus to steal, set up shell businesses in which to funnel funds or otherwise siphon off monies to meet personal obligations.
Actually your credit record does tell a lot about you. Maybe not if you can turn on a light switch but if you pay your electric bill when you do. I personally wouldn't hire or even trust someone that has numerous outstanding debts. Your credit report shows how trustworth of a person you may be. If you don't pay your bills you are esentially stealing from your creditors, and who wants a thief working for them? An honest person that has debts would contact their creditors and make payment arrangements and therefore not have a negative credit history. Your employer doesn't want someone who has 5 credit cards maxed out running a cash register or handling their finances.
These things can help them determine your character and if you have a good work ethic. Also, if you have a past history of skipping out on landlords, or bills, you might do the same on a job. If you have embezzled money or had anything like that in the past, you wouldn't be put in charge of money. If you owe a lot of money on credit cards, or have judgements against you, you might be more prone to steal from the company to pay off debts, etc etc etc. Get used to it-everyone asks for it now.
Personal credit is an indicator of character. If you pay bills timely, it suggests that you honor your obligations (and would honor your role as an employee).
because if your deep in debt your more likely to embezzle/ steal from me..your employer..
They are concerned that if you are in financial difficulties, you may have your wages garnished or similar, which will cause them addtional paperwork. Many companies are concerned about their image, particularly in financial services: banking, insurance, etc., which would be harmed by having employees who are questionable. Some of that may be technically illegal, by the way, but hard to enforce.
I believe it is to see if you are badly in debt and financial trouble, as to calm them of their fears of being robbed. I think also it has to do with what kind of person you are. If you are responsible and able to meet deadlines. I also believe that it is a reference to your charactor.
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