’tis grace asked:
I’ve applied for several jobs and some of them require a credit report. Why do they need to know my credit standing?
Terry
I’ve applied for several jobs and some of them require a credit report. Why do they need to know my credit standing?
Terry
Danny
It is one way they can gauge the kind of person you are. Reckless or reliable. Sort of a character litmus test
Cecil
If an employer is trusting you with their assets they want to know how you’ve managed your own – people as usually more careful with their own money than others. They want to see if you are responsible because in general people who have good credit reports are good workers.
Brian
Hiring a new employee is tantamount to adding a new member to the working family and, allowing that a significant loss is incurred due to employee theft, it is prudent to see if one’s credit reflects a disposition to make promises and not honor them. Steadiness and dependability are important assets vitally needed by a business in its employees. A bad credit report indicates the lack of both of these qualities. If you are to become an integral part of their team, it is essential that they know the content of your character. A large part of that content can be found in your credit history. If you cannot manage your own money, why would they want you to manage theirs?
Alice
For one of many reasons: 1. If the position you are taking requires that you review, or come in contact with someone’s personal credit information, payments, money, assets, or whatever; they can request that they review your personal credit history before hiring you to ensure themselves of the type of person that you are and what type of lifestyle you lead. Reviewing someone’s credit history tells a story about yourself as to how responsible you are with your money, and if the position is one that involves money, interacts around money, and/or others money; then most certainly they are going to check your personal credit history for these reasons. 2. If you are applying for a position with any company, business or bureau that pulls credit reports, reviews them, like a car dealership, real estate company, or credit reporting agency; all these type of companies are going to request that they see your personal credit history before hiring you.
This is standards my love. There’s nothing wrong with it. It’s the only way that they can predetermine how creditworthy you are for themselves within the new position that you may be taking. Good luck on your new job if you took it!
Francis
Many employers believe running an employment credit check is an absolute must if the applicant under consideration will be handling money, be disbursing money or equipment, or be placed in a position of financial trust, sighting a possible correlation between high debt and, for instance, the possibility of embezzlement.
Credit history may reveal several qualities of an applicant’s financial status, such as debt load and potential debt load. The employment credit report can identify the possibility of financial problems that may adversely affect an applicant’s performance on the job.
An employment credit report provides an easy-to-read insight into an applicant’s financial responsibility as well as listing any aliases, bankruptcies, liens, judgments, credit cards, loans, mortgages, collections and summaries of the individual’s payment patterns. Reports may also contain previous employers and addresses.