Why do companies run credit checks before offering you a job?

Question

I have a friend who happens to have a bad credit score and is trying to find a decent job. Why do companies care about a credit rating of a potential employee? Wouldn't it be kind of difficult to better your credit without being able to get a good job!?

Answer 1

It is a catch 22. They want to make sure they can trust you. Some bad credit has nothing to do with it, but there is nothing you can do except for make your payments and make payment arrangements on your bills in collection. Do not have your credit run unless you really need to. Every time it is ran that takes points off and lowers your score.


dp

Answer 2

I believe this is one problem with America today. Yes, they run it to see if you are responsible and if you might be any kind of a threat to their profits. However, your credit score has little to do with how you are in the job market. Some people have bad credit scores because they got burned by a company. Some people have no credit scores because they never needed credit- this could also hurt your chances of a job too. I do believe that getting a good job could definately help your credit, but sadly, most employers don't see it as that.

Answer 3

it isn't basic, it should be a scam and doing them credit record could have distinctive Your ideas on, ought to bypass undesirable for you, yet on the different aspect it truly is gumtree, there a huge website, it may well be stupid for them to objective to gip some human beings of, the way the may is going credit comments, crb checks and so on have become better in many circumstances, its purely to positive the corporate that we are extremely honest its a threat mate sure, yet its a threat crossing the roads theses days, if you're uncertain about the link there despatched you, there are otheres obtainable you should do, some ought to value you in spite of the indisputable fact that, in spite of the indisputable fact that it may only be some quid, im particularly particular they take some days to come back by potential of besides so in case your interest interview is coming you've the want to ascertain quickly chum

Answer 4

the credit information shows how you are handling your personal finances. If you cant handle your own the employer is concerned about theirs. also you might be potentially prone to take from the employer if you need money bad enough ( have delinquent or bad accounts).

Answer 5

They want employees who are responsible, and later the company does not want any legal matter taken into their hands, like wage garnish or something like that

Answer 6

because they think you have a chance at being a thief if your credit is bad.
Usually places like banks will run a credit.. or any business that has valuables.
And thats the truth!!!!!

Answer 7

They want to make sure that you aren't a complete deadbeat. Especially in the financial sector. If you can't control your own money, can you be responsible enough to control someone else's?

Answer 8

if you can't manage your own money how can you expect a company to trust you

Answer 9

To see what kind of person you are...If you don't pay your bills then it shows your not responible...

Answer 10

Shows if you're responsible.