In my opinion it is not. I don't have horrifying credit but I have a few items on my credit report. I think it is unfair because they could turn down a very qualified candidate because of financial reasons. Do they ever think if this person gets a good job they could repair their credit.
2006-09-25 10:39:54 · 10 answers · asked by Miss T 2 in Business & Finance ➔ Credit
I've wondered about this myself. I thought it had to do with money - being around or working with money. Maybe they think if you are a record-keeper or even a cashier, that you can't be trusted with money because people with money problems are more apt to steal? Not necessarily, but that was what I always thought.
I worked for the FBI years ago, and we had to report ANY credit problems to one of the agents. Even if you were late on your electric bill for one month, you had to tell them. A bit ridiculous, in my opinion.
2006-09-25 10:49:30 · answer #1 · answered by stuckinamoment 3 · 1⤊ 0⤋
It is VERY, VERY important for employers to check a credit rating of potential employees.
What if a person were hired by a bank and their job was to look over bank accounts, including yours?
But what if that person had filed three bankruptcies already in the last 20 years and was in possible financial trouble again?
Knowing that it is very easy for a person in that job to take advantage of the account information to use it for fraudulent purposes, would you want that person having access to your financial information?
If you were a customer or stock holder in that bank, wouldn't you want that company to fully scrutinize all employees like that so that the bank didn't lose any money to fraud or big lawsuits from customers who were ripped off.
If a bank lost a lot of money to a fraudster who could have been detected using a credit report, a crafy plaintiff's attorney would sue the bejeezus out of the bank on behalf of the customers (if the customers suffered a harm because of it).
2006-09-25 17:48:02 · answer #2 · answered by markmywordz 5 · 1⤊ 0⤋
It depends. If the job deals with money than yes (for example banking). Your credit sore can tell a lot about you, like if you are you reliable. When you have a credit card and you it you make an agreement with the company that you will pay them their money. If you don't pay your bills this could be a sign that your prioritizes may not be where they should be, or that you are not trustworthy.
2006-09-25 17:52:11 · answer #3 · answered by lilnovacutie2000 1 · 0⤊ 0⤋
Thre are several (good) reasons why an employer would check your credit. Bad credit might show you're not a responsible person, or that you might be in a financial bind (especially if you're applying for a job that requires handling money).
2006-09-25 17:49:06 · answer #4 · answered by Anonymous · 1⤊ 0⤋
For some positions it makes sense.
I wouldn't hire a bank teller unless he/she could pass not only a credit check, but a police background check and get bonded.
2006-09-25 18:03:44 · answer #5 · answered by SPLATT 7 · 0⤊ 0⤋
Yes because it gives the employer a picture of how seriously a person takes his or her responsibilities
2006-09-25 17:49:51 · answer #6 · answered by storyteller 2 · 0⤊ 1⤋
I don't think they really care too much about your debt, unless you are totally buried? I think they are looking for address history, and time-lines in general, I could be wrong.
2006-09-25 17:44:38 · answer #7 · answered by Life after 45 6 · 0⤊ 0⤋
I think it is fair if you will be dealing directly with money and information such as accounts..besides that then no..
2006-09-25 17:52:37 · answer #8 · answered by t r 2 · 0⤊ 0⤋
any reputable employer will not ask for that information
2006-09-25 17:44:20 · answer #9 · answered by Billy T 6 · 0⤊ 0⤋
No it isn't
2006-09-25 17:43:51 · answer #10 · answered by Pantherempress 7 · 0⤊ 0⤋